On May 19, 2023, Tempur Sealy International, Inc. entered into an Amendment to the Company's Amended and Restated Credit Agreement dated as of October 16, 2019 among several banks and other financial institutions party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Amendment replaces the London interbank offered rate with Term SOFR (as defined in the Credit Agreement) as the reference rate for U.S. dollar-denominated loans. Loans under the Credit Agreement will bear interest at a base rate or a rate equal to Term SOFR plus an adjustment of 0.10% per annum, plus, in each case, an applicable margin based on the Company's Consolidated Total Leverage Ratio (as defined in the Credit Agreement).

Loans may be prepaid without premium or penalty, subject to customary breakage costs.