Serta Simmons owes $62 million to top 10 unsecured creditors

Sheila Long O’Mara//Executive Editor, Furniture Today//January 24, 2023

DORAVILLE, Ga. – Serta Simmons Bedding’s Chapter 11 bankruptcy filing Monday provides a look at the company’s financial status showing the company owes more than $62 million to its top 10 unsecured creditors.

The petition, filed in the U.S. Bankruptcy Court for the Southern District of Texas, lists assets and liabilities of $1 billion to $10 billion. The filing that includes SSB and 13 of its affiliates estimates its number of creditors to be somewhere between 25,000 and 50,000.

The filing lists the company’s 30 largest unsecured claims. The hardest hit were suppliers of springs, foam and nonwovens, and logistics companies.

• Leggett & Platt, which is owed $17.4 million
• Ergomotion – $7.98 million
• FXI – $6.99 million
• C.H. Robinson Worldwide – $6.43 million
• Sinomax USA – $6.03 million
• Elite Comfort Solutions – $5.89 million
• Future Foam – $3.54 million
• XPO Logistics – $3.05 million
• Carat USA – $2.45 million
• Louisville Bedding Co. – $2.3 million
• Piana Nonwovens – $2.1 million
• Nationwide Marketing Group – $1.87 million
• Crown Packaging Corp. – $1.64 million
• Furniture Transportation Systems – $1.6 million
• Towne Realty – $1.54 million
• Barrettewood USA – $1.47 million
• Taubensee Steel & Wire Co. – $1.37 million
• Bekaertdeslee – $1.29 million
• Averitt Express – $1.24 million
• Peoplescout MSP – $1.21 million
• XXVI Holdings d/b/a Google – $1.15 million
• B. Hunt Transport – $1.03 million
• SBL – $1.02 million
• Ryder Truck Rental – $1 million
• Carpenter – $998,556

Read more here: https://www.furnituretoday.com/financial/serta-simmons-owes-62-million-to-top-10-unsecured-creditors/