Mattress Firm Plans to File for Bankruptcy Soon

By Anonymous

Bondholders of parent company Steinhoff to inject capital of about $300 million into mattress retailer

Mattress Firm Inc., the largest U.S. specialty mattress retailer by number of stores, plans to file for bankruptcy soon, possibly within days, according to people familiar with the matter.

As part of the bankruptcy filing, a group of bondholders of Mattress Firm’s troubled parent company, Steinhoff International Holdings NV, will inject about $300 million in capital into the retailer, the people said.