Sealed Air (SEE)

EQNX::TICKER_START (OTCQB:NGTF),(NYSESEE),NYSE:AMCRNYSEAMCR)(NASDAQ:KSCPNASDAQKSCP,(NASDAQ:NVDANASDAQ) EQNX::TICKER_END

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principal amount outstanding, were validly tendered at or prior to the expiration of the Tender Offer and not validly withdrawn.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Date”) for the Tender Offer, SEE expects to pay for all Notes that have been validly tendered and not validly withdrawn.

NORTHAMPTON, MA / ACCESSWIRE / November 13, 2023 / SEE®

NORTHAMPTON, MA / ACCESSWIRE / September 6, 2023 / SEE®

NORTHAMPTON, MA / ACCESSWIRE / August 28, 2023 / SEE®

PALM BEACH, Fla., Sept. 10, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The food packaging markets are predicted to sustain significant growth over the next several years. Food packaging refers to packaging solutions used to protect, store, and preserve food products during distribution, sales, and consumption. Adoption of food packaging allows food processing companies to safeguard food from external elements such as moisture, light, and microorganisms as well as extend their shelf life. A report from Future Market Insights projects that: “The global food packaging market size is expected to increase from US$ 353.7 billion in 2023 to US$ 592.8 billion by 2033. In 2022, the worldwide food packaging industry was valued at US$ 335.9 billion. Over the forecast period from 2023 to 2033, global food packaging sales are anticipated to rise at 5.3% CAGR. A new estimation predicts global food packaging demand to rise at a significant pace during the assessment period. The target market is likely to expand 1.7x times the current market value during the forecast period, generating an attractive incremental growth opportunity of US$ 256.9 billion. Dairy products segment by application held a share of about 25.3% in 2022 within the global market. This is due to rising consumption of dairy products globally and growing need for highly-efficient packaging in dairy sector. Demand in the global market remains particularly high for plastic food packaging. The plastic material segment held a share of around 41.6% of the global food packaging industry. Further, it is expected to thrive at a CAGR of around 5.1% over the forecast period.” Active Companies in the industry includes: Nightfood Holdings Inc. (OTCQB: NGTF), Sealed Air (NYSESEE), Amcor plc NYSE: AMCRNYSEAMCR)(NASDAQ: KSCPNASDAQKSCP, NVIDIA (NASDAQ: NVDANASDAQ).

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”).

SEE (NYSESEE) will participate in the following event. The executive team will discuss the company’s strategy to drive high-quality growth.

SEE (NYSESEE) announced financial results for Q3 2023.

SEE (NYSESEE) today announced that its Board of Directors and Ted Doheny have mutually agreed to transition SEE’s leadership. Mr. Doheny has stepped down as President and Chief Executive Officer and as a member of the Board, effective immediately. He will continue to serve SEE in an advisory capacity to assist in the transition.

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 December 15, 2023 to stockholders of record at the close of business on December 1, 2023.

SEE (NYSESEE) announced today that it will release its third quarter 2023 results at approximately 7:00 a.m. (ET) on Thursday, November 2, 2023 and will host a conference call and webcast at 10:00 a.m. (ET).

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 September 22, 2023 to stockholders of record at the close of business on September 8, 2023.

SEE (NYSESEE) announced financial results for Q2 2023.

SEE (NYSESEE) announced today that it will release its second quarter 2023 results at approximately 7:00 a.m. (ET) on Tuesday, August 8, 2023 and will host a conference call and webcast at 10:00 a.m. (ET).

SEE (NYSESEE) will participate in the following event. Ted Doheny, President and CEO, and members of his leadership team will discuss the company’s strategy to drive high-quality growth.

SEE (NYSESEE) will participate in the following event. The executive team will discuss the company’s strategy to drive high-quality growth.

SEE (NYSESEE) announces the recent election of Clay Johnson to its Board of Directors.

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 23, 2023 to stockholders of record at the close of business on June 9, 2023.

SEE (NYSESEE) will participate in the following virtual event:

SEE (NYSESEE) announced financial results for Q1 2023.

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