Serta Simmons Bedding, LLC

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Case overview

Case Number:

4:23-bk-90020

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

January 02, 2025
Bankruptcy News You May Have Missed Over The Holiday

The Fifth Circuit sided with a group of lenders left out of a so-called uptier refinancing deal with mattress seller Serta Simmons, reversing a bankruptcy court's ruling in a closely watched case on liability management transactions; Purdue Pharma secured a one-month extension as its creditors and members of the Sackler family try to reach a settlement in mediation; and retail chain Big Lots reached an eleventh-hour deal to sell some of its stores and thwart a total liquidation.
June 21, 2023
Serta Simmons Ch. 11 Plan Can Proceed During Appeal

A Texas bankruptcy judge on Wednesday denied a request to pause Serta Simmons' restructuring while creditors appeal his approval of the mattress maker's Chapter 11 plan, saying the company needs to be allowed to move on from bankruptcy.
June 20, 2023
Serta Simmons, Lenders Blast Ch. 11 Stay Motion

Serta Simmons and some of its lenders are asking a Texas bankruptcy judge to reject calls by dissenting creditors to pause the mattress maker's Chapter 11 plan pending their appeal of its approval, saying delay could cost the company billions.
May 25, 2023
Serta Simmons Says 2020 Deal Staved Off Ch. 11 For Years

Attorneys representing mattress maker Serta Simmons Beddings told a Texas bankruptcy court Thursday that a 2020 debt refinancing deal was necessary to avoid insolvency at the time, defending the transaction and its Chapter 11 plan.
May 15, 2023
Serta Simmons Defends 2020 Transaction In Ch. 11 Plan Trial

Bankrupt mattress maker Serta Simmons Bedding LLC opened its Chapter 11 plan confirmation trial Monday by defending a 2020 refinancing transaction that has become the focus of opposition to the plan by lenders who were barred from participating in those new loans.
May 11, 2023
Lender Group Blasts Serta Simmons Ch. 11 Plan

A group of lenders in litigation with Serta Simmons over a 2020 refinancing deal Thursday told a Texas bankruptcy judge the mattress maker can't insert indemnification of the other participants in the refinancing into its proposed Chapter 11 plan.
March 23, 2023
Serta Simmons Gets OK For Vote On Ch. 11 Plan

A Texas bankruptcy judge Thursday gave mattress manufacturer Serta Simmons Bedding permission to send its Chapter 11 plan out for a creditor vote after the company said it had adjusted the plan in response to creditor comments.
January 27, 2023
Judge Asks For Request To Pause Serta Lender Litigation

The Texas bankruptcy judge overseeing Serta Simmons Bedding LLC's Chapter 11 case Friday asked the mattress maker to submit a request to pause an attempt to move a New York suit over the company's 2020 loan recapitalization to federal court in New York.
January 24, 2023
Serta Lender Litigation Muddies Ch. 11 Debt Cut Plans

Mattress manufacturer Serta Simmons Bedding opened its Chapter 11 case Tuesday in Texas with much discussion of ongoing litigation with prepetition lenders, saying that issues over debt classification need to be addressed before a restructuring can be executed.