Select Comfort (SCSS) Announces Public Offering

Select Comfort Corporation (NASDAQ: SCSS) today announced that the company intends to offer shares of its common stock via an underwritten public offering. Piper Jaffray is acting as the sole manager for the underwritten public offering.

The company plans to use the proceeds of the public offering to improve working capital and pay down debt. The proceeds from this public offering are expected to fulfill the obligations under the company's amended and restated credit agreement, dated Nov. 13, 2009, to issue common stock or other equity securities yielding certain proceeds.