Sleep Number Corporation filed voluntary Chapter 11 bankruptcy petitions on June 12, 2026, resulting in the acceleration of approximately $672.5 million in debt. The company entered into a stalking horse Asset Purchase Agreement with SNBR, Inc. for $415 million in cash to sell substantially all assets. Proposed debtor-in-possession financing includes up to $260 million in new money and roll-up loans. Sleep Number Corporation is a retailer of sleep products and mattresses.
