Item 8.01. Other Events. On April 28, 2021, Tempur Sealy International, Inc. (the "Company") directed The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee") of the Company's 5.500% Senior Notes due 2026 (the "2026 Notes"), to notify noteholders that the Company has elected to redeem the remaining issued and outstanding 2026 Notes, pursuant to paragraph 5 of the 2026 Notes and Section 3.01 of the Indenture dated as of May 24, 2016, as amended and supplemented to date, between the Company and the Trustee (the "Indenture"), and subject to the satisfaction of the Conditions (as defined below). The Company will redeem the remaining $600,000,000 in aggregate principal amount of the issued and outstanding 2026 Notes on June 15, 2021 (the "Redemption Date"). The 2026 Notes will be redeemed at 102.750% of their principal amount, plus the accrued and unpaid interest thereon, if any, to, but excluding, the Redemption Date.

The Company intends to fund this redemption by using a portion of the net proceeds from the Company's 4.00% Senior Notes due 2029 issued on March 25, 2021 in an aggregate principal amount of $800 million (the "2029 Senior Notes"). This transaction will result in the 2026 Notes being paid in full.

The redemption is conditional on the determination by the Company's Chief Financial Officer, in his sole discretion, as of the second business day before the Redemption Date, that the redemption continues to be reasonably prudent and consistent with the Company's objectives concerning liquidity, financing needs and funding costs (the "Conditions"). In the event that the Conditions are not satisfied and the Company elects to rescind the redemption notice, the Company will give written notice thereof to the Trustee no later than the business day immediately preceding the Redemption Date, and will give, or cause the Trustee to give, notice thereof to noteholders promptly thereafter.

This Current Report on Form 8-K does not constitute a notice of redemption under the Indenture, nor an offer to tender for, or purchase, any 2026 Notes or any other security.

Forward-Looking Statements

This Form 8-K contains statements that may be characterized as "forward-looking," within the meaning of the federal securities laws. Such statements might include information concerning one or more of the Company's plans, expectations, and other information that is not historical information. When used in this release, the word "intends" and variations of such word or similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the Company's intention to use a portion of the net proceeds available from the 2029 Senior Notes. Any forward-looking statements contained herein are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct.

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