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Sealed Air Corporation : Sealed Air Announces Pricing of Senior Notes

    Sealed Air Corporation : Sealed Air Announces Pricing of Senior Notes

ELMWOOD PARK, N.J., Thursday, March 7, 2013 - Sealed Air Corporation  ("Sealed 
Air" or the "Company") (NYSE: SEE) today announced the pricing of its offering
of $425 million aggregate principal amount of 5.25% senior notes due 2023 (the
"Notes"). Sealed Air intends to use the net proceeds from the offering, along
with cash on hand, to repurchase, redeem  or satisfy and discharge all of  its 
outstanding 7.875% Senior Notes of the Company due 2017. Net proceeds from the
sale of  the  Notes, after  underwriting  discounts and  commissions  and  the 
Company's estimated fees and  expenses, is expected  to be approximately  $417 
million. We  expect the  offering to  close  on March  21, 2013,  subject  to 
customary closing conditions.

The  Notes  and  related  guarantees   will  be  offered  only  to   qualified 
institutional buyers under Rule 144A of the Securities Act of 1933, as amended
(the "Securities Act"), and  to non-U.S. persons  in transactions outside  the 
United States under  Regulation S of  the Securities Act.  The Notes have  not 
been registered under the Securities Act,  and, unless so registered, may  not 
be offered or sold in the  United States absent registration or an  applicable 
exemption  from,  or  in  a  transaction  not  subject  to,  the  registration 
requirements of the Securities Act and other applicable securities laws.

This press release shall not constitute  an offer to sell or the  solicitation 
of an  offer  to buy,  nor  shall there  be  any sale  of  the Notes,  in  any 
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration  or  qualification  under  the securities  laws  of  any  such 
jurisdiction.

Business

Sealed Air is a  global leader in food  safety and security, facility  hygiene 
and product protection. With  widely recognized and  inventive brands such  as 
Bubble Wrap® brand  cushioning, Cryovac^® brand  food packaging solutions  and 
Diversey^TM brand cleaning and hygiene solutions, Sealed Air offers  efficient 
and sustainable solutions  that create business  value for customers,  enhance 
the quality  of  life  for  consumers and  provide  a  cleaner  and  healthier 
environment  for  future   generations.  Sealed  Air   generated  revenue   of 
approximately $7.6 billion in 2012, and has approximately 25,000 employees who
serve customers in 175 countries.

Forward-Looking Statements

Company statements in this press  release may be "forward-looking  statements" 
within the meaning  of the Private  Securities Litigation Reform  Act of  1995 
concerning our  business,  consolidated  financial condition  and  results  of 
operations. These statements  include comments  as to future  events that  may 
affect the Company, which are based upon management's current expectations and
are subject to uncertainties, many of which are outside the Company's control.
Forward-looking statements can be identified  by such words as  "anticipates," 
"expects,"  "believes,"  "plan,"  "could,"  "estimate,"  "will"  and   similar 
expressions.  A  variety  of  factors  may  cause  actual  results  to  differ 
materially from these expectations, including: economic conditions  affecting 
packaging utilization;  changes in  raw material  costs; currency  translation 
effects; and  legal proceedings.  For more  extensive information,  see  "Risk 
Factors" and "Cautionary Notice  Regarding Forward-Looking Statements,"  which 
appear in our most recent  Annual Report on Form 10-K,  as may be revised  and 
updated from time to time  by our Quarterly Reports  on Form 10-Q and  Current 
Reports on Form  8-K, as filed  with the Securities  and Exchange  Commission. 
These reports  are  available  on the  Securities  and  Exchange  Commission's 
website  at   www.sec.gov   or   our   Investor   Relations   home   page   at 
http://ir.sealedair.com. Sealed  Air  does  not undertake  any  obligation  to 
publicly  update   any  forward-looking   statement  to   reflect  events   or 
circumstances after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.

Contact

Bill Thomas
Assistant Treasurer and Interim Director of Investor Relations
201-703-4136
Investor.relations@sealedair.com

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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Sealed Air Corporation via Thomson Reuters ONE
HUG#1683912
 
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