Leon Black suing mattress giant Serta Simmons over ‘unlawful scheme’ to lower debt

Billionaire Leon Black is going to the mat with America’s largest mattress maker. Black’s Apollo Global Management is suing Serta Simmons over “an unlawful scheme” to lower its $2.4 billion debt stack without the approval of all of its lenders. The alleged scheme, which would give Serta an extra $200 million in cash while also reducing… Continue reading at New York Post