Sleep Innovations Lender Objects to Financing

D.E. Shaw Laminar Portfolios, a first-lien lender to bankrupt Sleep Innovations, has filed a legal objection to the mattress maker’s plan to access a $35 million loan. Specifically, the lender believes that the financing would practically prevent alternate routes like asset sales. A hearing is scheduled for today in a Delaware court. Sleep Innovations is a portfolio company of Catterton Partners.