Articles from Sealed Air Corporation

Sealed Air Corporation (“SEE”) (NYSESEE) today announced that its previously announced cash tender offer (the “Tender Offer”) for any and all of its 5.125% senior notes due 2024 (the “Notes”) expired at 5:00 p.m. New York City time, on November 15, 2023 (the “Expiration Date”). According to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer, $202,549,000 aggregate principal amount of the Notes, or 47.66% of the aggregate principal amount outstanding, were validly tendered at or prior to the expiration of the Tender Offer and not validly withdrawn. In addition, $872,000 aggregate principal amount of the Notes were tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated November 8, 2023 (the “Offer to Purchase”) and remain subject to the applicable delivery requirements under such procedures. The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the “Offer Documents”). The obligation of SEE to accept the Notes tendered and to pay the consideration for the Notes is subject to satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase. On November 20, 2023, which is the expected settlement date (the “Settlement Date”) for the Tender Offer, SEE expects to pay for all Notes that have been validly tendered and not validly withdrawn.

Sealed Air Corporation (“SEE”) (NYSESEE) today announced the total consideration (the “Total Consideration”) relating to its previously announced cash tender offer (the “Tender Offer”) for any and all of its 5.125% Senior Notes due 2024 (the “Notes”) is $992.97 for each $1,000 principal amount of the Notes validly tendered and not validly withdrawn and accepted for purchase pursuant to the Tender Offer. The Total Consideration was determined in the manner described in the Offer to Purchase, dated November 8, 2023 (the “Offer to Purchase”) by reference to a fixed spread of 50 basis points plus the yield to maturity of 5.336% based on the bid-side price of the reference security (4.500% due November 30, 2024), as quoted on the Bloomberg Bond Trader PX4 page as of 2:00 p.m., New York City time, today. In addition to the Total Consideration, SEE will also pay accrued and unpaid interest on Notes purchased up to, but not including, November 20, 2023, which is the expected settlement date (the “Settlement Date”) of the Tender Offer. For the avoidance of doubt, accrued interest will cease to accrue on the Settlement Date for all Notes accepted for purchase in the Tender Offer, including Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase. The Tender Offer is being made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the “Offer Documents”).

Sealed Air Corporation (“SEE”) (NYSESEE) today announced, together with Sealed Air Corporation (US) (together with SEE, the “Issuers”), the pricing of the Issuers’ offering of 7.250% senior notes due 2031 (the “Notes”). The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of SEE’s existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances, although, for purposes of this offering, Sealed Air Corporation (US) is a co-issuer and not a guarantor.

Sealed Air Corporation (“SEE”) (NYSESEE) today announced, together with Sealed Air Corporation (US) (together with SEE, the “Issuers”), that the Issuers commenced an offering of senior notes due 2031 (the “Notes”). The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of SEE's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances, although, for purposes of this offering, Sealed Air Corporation (US) is a co-issuer and not a guarantor.

Sealed Air Corporation (“SEE”) (NYSESEE) today announced that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 5.125% Senior Notes due 2024 (the “Notes”). A comprehensive description of the terms of the Tender Offer is included in SEE’s Offer to Purchase, dated November 8, 2023 (the “Offer to Purchase”), and the related Notice of Guaranteed Delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).

Sealed Air Corporation (NYSESEE) today announced it has officially changed its corporate brand to SEE®, taking the next step in reinventing the company.

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced, together with Sealed Air Corporation (US) (together with the Company, the “Issuers”), the closing of their previously announced offering of $775 million aggregate principal amount of 6.125% senior notes due 2028 (the “Notes”). The Notes were sold to investors at 100.0% of their aggregate principal amount. The Notes are jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances, although, for purposes of this offering, Sealed Air Corporation (US) is a co-issuer and not a guarantor.

Sealed Air Corporation (“Sealed Air”) (NYSESEE) today announced that the previously announced cash tender offer (the “Tender Offer”) for any and all of its 4.500% senior notes due 2023 (the “Notes”) expired at 5:00 p.m. New York City time, on January 27, 2023 (the "Expiration Date"). According to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer, €233,297,000 aggregate principal amount of the Notes, or 58.32% of the aggregate principal amount outstanding, were validly tendered at or prior to the expiration of the Tender Offer and not validly withdrawn. No Notes were tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”). The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the “Offer Documents”). The obligation of Sealed Air to accept the Notes tendered and to pay the consideration for the Notes is subject to satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase. On February 1, 2023, which is the expected settlement date (the "Settlement Date") for the Tender Offer, Sealed Air expects to pay for all Notes that have been validly tendered and not validly withdrawn.

Sealed Air Corporation (“Sealed Air”) (NYSESEE) today announced the total consideration (the “Total Consideration”) relating to its previously announced cash tender offer (the “Tender Offer”) for any and all of its 4.500% senior notes due 2023 (the “Notes”) is €1,005.60 for each €1,000 principal amount of the Notes validly tendered and not validly withdrawn and accepted for purchase pursuant to the Tender Offer. The Total Consideration was determined in the manner described in the Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”) by reference to a fixed spread of 50 basis points plus the yield to maturity of 2.479% based on the bid-side price of the reference security (2.00% DBR due August 15, 2023), as quoted on the Bloomberg Bond Trader FIT GE0-1 page as of 2:00 p.m., New York City time, today. In addition to the Total Consideration, Sealed Air will also pay accrued and unpaid interest on Notes purchased up to, but not including, February 1, 2023, which is the expected settlement date (the “Settlement Date”) of the Tender Offer. For the avoidance of doubt, accrued interest will cease to accrue on the Settlement Date for all Notes accepted for purchase in the Tender Offer, including Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase. The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the “Offer Documents”).

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced, together with Sealed Air Corporation (US) (together with the Company, the “Issuers”), the pricing of the Issuers’ offering of 6.125% senior notes due 2028 (the “Notes”). The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances, although, for purposes of this offering, Sealed Air Corporation (US) is a co-issuer and not a guarantor.

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced, together with Sealed Air Corporation (US) (together with the Company, the “Issuers”), that the Issuers commenced an offering of senior notes due 2028 (the “Notes”). The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances, although, for purposes of this offering, Sealed Air Corporation (US) is a co-issuer and not a guarantor.

Sealed Air Corporation (“Sealed Air”) (NYSESEE) today announced that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 4.500% Senior Notes due 2023 (the “Notes”). A comprehensive description of the terms of the Tender Offer is included in Sealed Air’s Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”), and the related Notice of Guaranteed Delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).

Sealed Air Corporation (NYSESEE) announced today it will release its fourth quarter and full year 2022 results and 2023 outlook at approximately 7:00 a.m. (ET) on Thursday, February 9, 2023 and will host a conference call and webcast at 10:00 a.m. (ET).

Sealed Air Corporation (NYSESEE) announced today that it will release its third quarter 2022 results at approximately 7:00 a.m. (ET) on Tuesday, November 1, 2022 and will host a conference call and webcast at 10:00 a.m. (ET).

Sealed Air (NYSESEE) – the company that invented the iconic BUBBLE WRAP® brand cushioning -- today announced it has launched a BUBBLE WRAP® brand paper bubble mailer, a fiber-based padded mailer that can be recycled in curbside bins.

SEE (NYSESEE) today announced the appointment of Kevin Berryman to its Board of Directors. Mr. Berryman will serve on the Audit Committee.

Sealed Air Corporation (NYSESEE) announced today that it will release its second quarter 2022 results at approximately 7:00 a.m. (ET) on Tuesday, August 2, 2022 and will host a conference call and webcast at 10:00 a.m. (ET).

Sealed Air Corporation (NYSESEE) will participate in the following event with the financial community. Ted Doheny, President and CEO, and Chris Stephens, SVP and CFO, will discuss the company’s growth strategy focused on automation, digital, and sustainability, as well as the performance of its SEE Operating Engine. In addition, Susan Yang, VP Automation Finance Leader and Treasurer, will join to share her insight of SEE's automation journey.

SEE (NYSESEE) today announced Henry R. Keizer as Chair of its Board of Directors. Henry succeeds Jerry R. Whitaker, who will continue as a Board member.

Sealed Air Corporation (NYSESEE) will participate in the following event with the financial community. The executive team will discuss the company’s growth strategy focused on automation, digital, and sustainability and the performance of its SEE Operating Engine.

SEE (NYSESEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on June 24, 2022 to stockholders of record at the close of business on June 10, 2022.

Sealed Air Corporation (NYSESEE) will participate in the following event with the financial community. The executive team will discuss the company’s growth strategy focused on automation, digital, and sustainability and the performance of its SEE Operating Engine.

Sealed Air (NYSESEE) today announced the introduction of prismiq™ - a digital packaging brand with a portfolio of solutions for design services, digital printing and smart packaging.

Sealed Air Corporation (“Sealed Air”) (NYSESEE) today announced the pricing of its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 5.25% Senior Notes due 2023 (the “2023 Notes”).

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced the closing of its previously announced offering of $425 million aggregate principal amount of 5.000% senior notes due 2029 (the “Notes”). The Notes were sold to investors at 100.0% of their aggregate principal amount. The Notes are jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances.

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced that, in connection with the previously announced cash tender offer and consent solicitation by the Company to purchase for cash any and all of its 5.25% Senior Notes due 2023 (the “2023 Notes”), the early tender period in respect of the tender offer expired at 5:00 p.m., New York City time, on April 18, 2022 (the “Early Tender Deadline”). As of the Early Tender Deadline, $380,417,000 principal amount of the 2023 Notes, or 89.51% of the principal amount outstanding, had been validly tendered and not withdrawn. The settlement date for the 2023 Notes accepted for purchase by the Company in connection with the Early Tender Deadline is currently expected to be April 20, 2022.

SEE (NYSESEE), ExxonMobil, and Ahold Delhaize USA announced today their collaboration on an advanced recycling initiative, the first of its kind in the U.S. The project recycles flexible plastics from the food supply chain and remakes them into new, certified circular food-grade packaging. The initiative is expected to begin this summer and scale over time.

Sealed Air Corporation (NYSESEE) announced today that it will release its first quarter 2022 results at approximately 7:00 a.m. (ET) on Tuesday, May 3, 2022 and will host a conference call and webcast at 10:00 a.m. (ET).

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced the pricing of its offering of 5.000% senior notes due 2029 (the “Notes”). The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances.

Sealed Air Corporation (“Sealed Air”) (NYSESEE) today announced that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 5.25% Senior Notes due 2023 (the “Notes”).

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced that it commenced an offering of senior notes due 2029 (the “Notes”). The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances.

SEE (NYSESEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on March 25, 2022 to stockholders of record at the close of business on March 11, 2022.

Sealed Air Corporation (NYSESEE) will participate in the following events with the financial community. The executive team will discuss the company’s growth strategy focused on automation, digital, and sustainability and the performance of its SEE Operating Engine.

Sealed Air Corporation (NYSESEE) announced today that it will release its fourth quarter and full year 2021 results and 2022 outlook at approximately 7:00 a.m. (ET) on Thursday, February 17, 2022 and will host a conference call and webcast at 10:00 a.m. (ET).

Sealed Air Corporation (NYSESEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on December 17, 2021 to stockholders of record at the close of business on December 3, 2021.

Sealed Air Corporation (NYSESEE) announced today that it will release its third quarter 2021 results at approximately 7:00 a.m. (ET) on Tuesday, November 2, 2021 and will host a conference call and webcast at 10:00 a.m. (ET).

Sealed Air Corporation ("Sealed Air") (NYSESEE) today announced the pricing of its previously announced offer to purchase for cash (the "Tender Offer") any and all of its outstanding 4.875% Senior Notes due 2022 (the "Notes").

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced the closing of its previously announced offering of $600 million aggregate principal amount of 1.573% senior secured notes due 2026 (the “Notes”). The Notes were sold to investors at 100.0% of their aggregate principal amount. The Notes are jointly and severally, and irrevocably and unconditionally, guaranteed on a senior secured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances. The Notes and related guarantees are secured on a first-priority basis by liens on substantially all of our and our domestic guarantor subsidiaries' personal property securing obligations we owe to lenders under our senior secured credit facilities on a pari passu basis, subject to certain exceptions.

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced that, in connection with the previously announced cash tender offer and consent solicitation by the Company to purchase for cash any and all of its 4.875% senior notes due 2022 (the “Notes”), the early tender period in respect of the tender offer expired at 5:00 p.m., New York City time, on September 28, 2021 (the “Early Tender Deadline”). As of the Early Tender Deadline, $339,258,000 principal amount of the Notes, or 79.83% of the principal amount outstanding, had been validly tendered and not withdrawn. The settlement date for the Notes accepted for purchase by the Company in connection with the Early Tender Deadline is currently expected to be September 30, 2021.

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced the pricing of its offering of 1.573% senior secured notes due 2026 (the “Notes”). The offering was upsized from $425 million aggregate principal amount of Notes to $600 million aggregate principal amount of Notes. The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior secured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances. The Notes and related guarantees will be secured on a first-priority basis by liens on substantially all of our and our domestic guarantor subsidiaries' personal property securing obligations we owe to lenders under our senior secured credit facilities on a pari passu basis, subject to certain exceptions.

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSESEE) today announced that it commenced an offering of senior secured notes due 2026 (the “Notes”). The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior secured basis by each of Sealed Air's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances. The notes and related guarantees will be secured on a first-priority basis by liens on substantially all of our and our domestic guarantor subsidiaries' personal property securing obligations we owe to lenders under our senior secured credit facilities on a pari passu basis, subject to certain exceptions.

Sealed Air Corporation ("Sealed Air") (NYSESEE) today announced that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 4.875% Senior Notes due 2022 (the “Notes”).

Sealed Air Corporation (NYSESEE) will participate in the following event with the financial community. The executive team will discuss the Company’s SEE Operating Model and growth strategy focused on automation, digital and sustainability.

Sealed Air Corporation (NYSESEE) (the “Company”) today announced that it has received notification from the staff of the Securities and Exchange Commission (“SEC”) that the previously disclosed investigation has concluded as it relates to the Company. The SEC staff notified Sealed Air that it does not intend to recommend any enforcement action against the Company. Sealed Air is pleased to put this matter behind it.

Sealed Air Corporation (NYSESEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on September 17, 2021 to stockholders of record at the close of business on September 3, 2021.

Sealed Air Corporation (NYSESEE) announced today that it will release its second quarter 2021 results at approximately 7:00 a.m. (ET) on Tuesday, August 3, 2021 and will host a conference call and webcast at 10:00 a.m. (ET).

Sealed Air Corporation (NYSESEE) has dedicated more than $30 million in capital to expand global production capacity and invest in new equipment systems to meet the accelerating demand for Automated Packaging Systems (APS) AUTOBAG® brand solutions, an acquisition Sealed Air closed in 2019.

Sealed Air Corporation (NYSESEE) announced today that its Board of Directors has declared a 25% increase in the Company’s quarterly cash dividend. The quarterly cash dividend will increase from $0.16 per common share to $0.20 per common share. The dividend is payable on June 18, 2021 to stockholders of record at the close of business on June 4, 2021.

Sealed Air Corporation (NYSESEE) will participate in the following event with the financial community. The executive team will discuss the Company’s SEE Operating Engine and growth strategy focused on automation, digital and sustainability.

Sealed Air Corporation (NYSESEE) today announced financial results for the first quarter 2021.

Sealed Air Corporation (NYSESEE) announced today that it will release its first quarter 2021 results at approximately 7:00 a.m. (ET) on Tuesday, May 4, 2021 and will host a conference call and webcast at 10:00 a.m. (ET).