Sleep Number Corporation Form 8-K Filing

This filing reports on Sleep Number Corporation's entry into a material definitive agreement on June 16, 2026. The company and its subsidiaries entered into the Fourteenth Amendment to their Amended and Restated Credit and Security Agreement, now referred to as the DIP Credit Agreement. This amendment provides up to $260 million in debtor-in-possession financing. This includes $65 million in new money superpriority senior secured term loan commitments (DIP Loans) and $195 million in roll-up loans, converting existing prepetition debt. The Bankruptcy Court for the Southern District of New York has granted interim approval for this financing, with a final hearing scheduled for July 9, 2026. The obligations are guaranteed by subsidiaries and secured by liens on company assets. The DIP Loans and Roll-Up Loans mature on September 16, 2026, with an interest rate of SOFR plus 8.00% or base rate plus 7.00%. The DIP Credit Agreement includes customary representations, warranties, covenants, and events of default, with provisions for compliance with case milestones, including a potential sale of substantially all assets. The agreement is subject to final court approval and conditions precedent for each drawing.