Exhibit 10.4

AMENDMENT NO. 2 TO CREDIT AGREEMENT
AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment”), dated as of January 8,
2019, to the Credit Agreement dated as of April 6, 2016 (as amended, amended and
restated, extended, supplemented or otherwise modified from time to time prior
to the date hereof, the “Credit Agreement”), among Tempur Sealy International,
Inc., a Delaware corporation, as the Parent Borrower, the Additional Borrowers
from time to time party thereto, the Lenders from time to time party thereto and
JPMorgan Chase Bank, N.A., as Administrative Agent.
WHEREAS, the Parent Borrower, each other Loan Party, the Administrative Agent
and the Lenders party hereto constituting Required Lenders have agreed to amend
certain provisions of the Credit Agreement as set forth herein pursuant to
Section 10.1 of the Credit Agreement;
Accordingly, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01 Definitions. Capitalized terms used and not otherwise defined
herein have the meanings assigned to them in the Credit Agreement as amended by
this Amendment (the “Amended Credit Agreement”).
ARTICLE II
AMENDMENTS TO THE CREDIT AGREEMENT
Section 2.01 Amendments to Credit Agreement. Each of the parties hereto agrees
that, effective on the Amendment Effective Date, the Credit Agreement shall be
amended as set forth below to delete the stricken text (indicated textually in
the same manner as the following example: stricken text) and to add the
double-underlined text (indicated textually in the same manner as the following
example: double-underlined text):
(a)    The definition of “Consolidated Net Income” in Section 1.1 of the Credit
Agreement is hereby amended by adding a new clause (k) to the end of such
definition as follows (and to make any related punctuation and grammatical
changes as a result thereof):
(k)    cash and non-cash charges for such period to the extent representing the
write-down of receivables or trade payables of a third party customer in an
aggregate amount (for all such amounts added back pursuant to this clause (k))
not to exceed $35,000,000, provided that the Parent Borrower reasonably expects,
in the good faith judgment of management, to acquire or make an Investment in
the assets or equity of such customer.
(b)    Section 1.2 of the Credit Agreement is hereby amended by adding a new
clause (i) to the end of such Section as follows:
(i)
Any reference herein to a merger, transfer, consolidation, amalgamation,
consolidation, assignment, sale, disposition or transfer, or similar term, shall
be deemed to apply to a division of or by a limited liability company, or an
allocation of assets to a series of a limited liability company (or the
unwinding of such a division or allocation), as if it were a merger, transfer,
consolidation, amalgamation, consolidation, assignment, sale or transfer, or
similar term, as applicable, to, of or with a separate Person. Any division of a
limited liability company shall constitute a separate Person hereunder (and each
division of any limited liability company that is a Subsidiary, Restricted
Subsidiary, Unrestricted Subsidiary, joint venture or any other like term shall
also constitute such a Person or entity).

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Exhibit 10.4

ARTICLE III
REPRESENTATIONS AND WARRANTIES
Section 3.01 Representations and Warranties. To induce the other parties hereto
to enter into this Amendment, the Parent Borrower represents and warrants to
each other party hereto, on and as of the Amendment Effective Date, that the
following statements are true and correct in all material respects (except that
any representation or warranty which is already qualified as to materiality or
by reference to Material Adverse Effect shall be true and correct in all
respects) on and as of the Amendment Effective Date:
(a)    The execution, delivery and performance by each Loan Party party hereto
of this Amendment, and the performance of the Amended Credit Agreement, have
been duly authorized by all necessary corporate or other organizational action,
and do not and will not contravene the terms of any of such Loan Party’s
Organization Documents.
(b)    This Amendment has been duly executed and delivered by each Loan Party
party hereto. Each of this Amendment and the Amended Credit Agreement
constitutes a legal, valid and binding obligation of each Loan Party party
hereto, enforceable against each such Loan Party in accordance with its terms,
except to the extent the enforceability thereof may be limited by applicable
bankruptcy or insolvency laws affecting creditors’ rights generally and by
equitable principles of law (regardless of whether enforcement is sought in
equity or at law).
(c)    The representations and warranties of the Borrowers and each other Loan
Party contained in Section 4 of the Credit Agreement or any other Loan Document
are true and correct in all material respects on and as of the Amendment
Effective Date, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and
correct in all material respects as of such earlier date and, except that for
purposes of this paragraph, the representations and warranties contained in
subsection (b) of Section 4.1 of the Credit Agreement shall be deemed to refer
to the most recent statements furnished pursuant to clauses (a) and (b), as
applicable, of Section 6.1 of the Credit Agreement.
(d)    As of the Amendment Effective Date, no Default or Event of Default shall
exist immediately before or immediately after giving effect to this Amendment.
ARTICLE IV
CONDITIONS TO EFFECTIVENESS
Section 4.01 Amendment Effective Date. This Amendment shall become effective as
of the first date (the “Amendment Effective Date”) on which each of the
following conditions shall have been satisfied:
(a)    Execution and Delivery of this Amendment. The Administrative Agent shall
have received a counterpart signature page of this Amendment duly executed by
each of the Parent Borrower, each Additional Borrower as of the Amendment
Effective Date, such Lenders constituting the Required Lenders and the
Administrative Agent.
(b)    Representations and Warranties; No Default. The representations and
warranties set forth in Section 3.01 above shall be true and correct on the
Amendment Effective Date.
Section 4.02 Effects of this Amendment.
(a)    Except as expressly set forth herein, this Amendment shall not by
implication or otherwise limit, impair, constitute a waiver of or otherwise
affect the rights and remedies of the Lenders or the Administrative Agent under
the existing Credit Agreement or any other Loan Document, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations,
covenants, Liens, guarantees or agreements contained in the existing Credit
Agreement or any other provision of the existing Credit Agreement or of any
other Loan Document, all of which are ratified and affirmed in all respects and
shall

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Exhibit 10.4

continue in full force and effect. Except as expressly set forth herein, nothing
herein shall be deemed to be a waiver, amendment, modification or other change
of, any of the terms, conditions, obligations, covenants or agreements contained
in the Credit Agreement or any other Loan Document in similar or different
circumstances.
(b)    From and after the Amendment Effective Date, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like
import, and each reference to the Credit Agreement in any other Loan Document
shall be deemed a reference to the Credit Agreement as amended hereby. This
Amendment shall constitute a “Loan Document” for all purposes of the Credit
Agreement and the other Loan Documents.
ARTICLE V
MISCELLANEOUS
Section 5.01 Governing Law. THIS AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE
ARISING UNDER OR RELATED TO THIS AMENDMENT (INCLUDING, WITHOUT LIMITATION, ANY
CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER
HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK.
Section 5.02 Costs and Expenses. The Parent Borrower agrees to reimburse the
Administrative Agent and each Lender for its actual and reasonable costs and
expenses in connection with this Amendment to the extent required pursuant to
Section 10.5 of the Credit Agreement
Section 5.03 Counterparts; Effectiveness. This Amendment may be executed in any
number of counterparts, each of which when so executed and delivered shall be
deemed an original, but all of which together shall constitute one and the same
instrument. Delivery by facsimile or other electronic imaging means of an
executed counterpart of a signature page to this Amendment shall be effective as
delivery of an original executed counterpart of this Amendment.
Section 5.04 Headings. Section headings herein are included herein for
convenience of reference only and shall not constitute a part hereof for any
other purpose or be given any substantive effect.
[Signature Pages Follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their respective officers thereunto duly authorized as
of the date first written above.

TEMPUR SEALY INTERNATIONAL, INC.,
as Parent Borrower

By: /s/ JAMES SCHOCKETT            
Name: James Schockett
Title: Vice President & Treasurer

TEMPUR-PEDIC MANAGEMENT, LLC,
as Additional Borrower

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By: /s/ JAMES SCHOCKETT            
Name: James Schockett
Title: Vice President & Treasurer

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JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and Lender

By: /s/ RICHARD BARRITT            
Name: Richard Barritt
Title: Executive Director

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BANK OF AMERICA, N.A., as Lender

By: /s/ JOHN M. HALL            
Name: John M. Hall
Title: Senior Vice President

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WELLS FARGO BANK, N.A., as Lender

By: /s/ MICHAEL C BASH            
Name: Michael C Bash
Title: Senior Vice President

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FIFTH THIRD BANK, as Lender

By: /s/ MARY-ALICHA WELDON        
Name: Mary-Alicha Weldon
Title: Vice President

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SUMITOMO MITSUI BANKING CORPORATION,
as Lender

By: /s/ JAMES D. WEINSTEIN        
Name: James D. Weinstein
Title: Managing Director

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THE BANK OF NOVA SCOTIA, as Lender

By: /s/ PAULA J. CZACH            
Name: Paula J. Czach
Title: Managing Director

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MIZUHO BANK, LTD.,
as Lender

By: /s/ RAYMOND VENTURA        
Name: Raymond Ventura
Title: Managing Director

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TD BANK, N.A., as Lender

By: /s/ CRAIG WELCH            
Name: Craig Welch
Title: Senior Vice President

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ING BANK N.V., Dublin Branch, as Lender

By: /s/ SHAUN HAWLEY            
Name: Shaun Hawley
Title: Director

By: /s/ SEAN HASSETT            
Name: Sean Hassett
Title: Director

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BRANCH BANKING & TRUST COMPANY,
as Lender

By: /s/ RYAN T. HAMILTON        
Name: Ryan T. Hamilton
Title: Vice President

GOLDMAN SACHS BANK USA.,
as Lender

By: /s/ JAMIE MINIERI            
Name: Jamie Minieri
Title: Authorized Signatory

DEUTSCHE BANK AG NEW YORK BRANCH,
as Lender

By: /s/ ALICIA SCHUG            
Name: Alicia Schug
Title: Vice President

(if second signatory required)

By: /s/ MARIA GUINCHARD        
Name: Maria Guinchard
Title: Vice President

THE NORTHERN TRUST COMPANY, as Lender

By: /s/ JOSHUA METCALF            
Name: Joshua Metcalf
Title: VP

HSBC BANK USA, N.A., as Lender

By: /s/ MATTHEW J. SIMPSON        
Name: Matthew J. Simpson
Title: Assistant Vice President