Lenders Call Serta's 2020 Debt Recap An 'Unlawful Scheme'

By Rick Archer · November 4, 2022, 6:12 PM EDT

A group of Serta Simmons Bedding lenders have filed suit in New York state court claiming the mattress company's 2020 loan recapitalization was an "unlawful scheme" that rendered their $600 million...

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