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TEMPUR SEALY has refinanced long term debt after closing a $600 million offering of 5.5 per cent senior notes due 2026. It plans to use the money for general purposes, such as share buybacks, as well as to redeem its $375 million notes due 2020. The beds group CEO Scott Thompson said the transaction “carries a lower fixed interest rate while providing greater covenant flexibility.”


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SPANISH designer furniture producer BD Barcelona will today launch its first London showroom with an event at 12–14 Berry Street. The launch coincides with the seventh annual Clerkenwell Design Festival, which has been taking place this week at showrooms across the capital. Last year, 82 showrooms took part, with 35,400 people attending, of which 65 per cent were architects and designers.


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ERIC Bray has joined the board at Belgian foam group Recticel’s £120 million UK arm. He has been global manufacturing director for Recticel’s Flexible Foams division since 2014. He replaces Marc Clockaerts, who is group general manager for the division, as a director at its wholly-owned UK subsidiary.