Sleep Number Secures $55 Million Liquidity to Support Turnaround Efforts
Sleep Number (SNBR) has secured an additional $55 million in liquidity through a new agreement with its lenders, including a $25 million term loan and covenant relief. This funding is expected to support the company's turnaround plan as it enters the Memorial Day selling season.
Tickers: $SNBR
Topics: debt restructuring liquidity product launch short squeeze turnaround