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1-800-Mattress Gets OK To Tap More DIP Cash

Law360 (April 15, 2009, 12:00 AM EDT) -- Dial-A-Mattress International Ltd. has received the green light to increase its debtor-in-possession financing from a subsidiary of Sleepy’s Holdings LLC from $550,000 to $900,000.

Dial-A-Mattress – better-known by the name of its primary retailer, 1-800-Mattress Corp. - announced the funding boost Wednesday, although the order has not yet been entered into its Chapter 11 bankruptcy proceedings under way in the U.S. Bankruptcy Court for the Eastern District of New York.

The court signed off on the initial $550,000 DIP financing on March 31, along with other...
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