Sealed Air Corporation : Sealed Air Announces Results and Settlement of Early Tender for 7.875% Senior Notes Due 2017

Sealed Air Corporation : Sealed Air Announces Results and Settlement of Early
                   Tender for 7.875% Senior Notes Due 2017

ELMWOOD PARK, N.J., Thursday, March 21, 2013 - Sealed Air Corporation ("Sealed
Air" or the "Company")  (NYSE: SEE) 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 7.875% Senior Notes due  2017 
(the "Existing Notes"), the early tender period in respect of the tender offer
expired at 5:00  p.m., New York  City time,  on March 20,  2013 (the  "Consent 
Payment Deadline").  As  of the  Consent  Payment Deadline,  $324.167  million 
principal amount  of  Existing  Notes,  or  81.04%  of  the  principal  amount 
outstanding, had been validly  tendered and not  withdrawn. Those holders  who 
validly tendered their Existing  Notes prior to  the Consent Payment  Deadline 
received on March  21, 2013 the  total consideration of  $1,056.25 per  $1,000 
principal amount of the  Existing Notes, which included  a consent payment  of 
$30.00 per $1,000 principal amount of the Existing Notes, plus any accrued and
unpaid interest on the  Existing Notes up to,  but not including, the  payment 
date. The  withdrawal  rights for  the  early  tender of  Existing  Notes  and 
corresponding consents in the tender offer  expired as of 5:00 p.m., New  York 
City time, on March 20, 2013.

The final offer period will expire at 11:59 p.m., New York City time, on April
3, 2013, unless extended (such time and date, as the same may be extended, the
"Expiration Time"). Holders who tender their Existing Notes after the  Consent 
Payment Deadline and on or  prior to the Expiration  Time will be eligible  to 
receive only the tender offer consideration of $1,026.25 per $1,000  principal 
amount of Existing  Notes tendered  plus accrued  and unpaid  interest to  the 
payment date, but not the consent payment.

As the Company received  consents from holders of  greater than a majority  in 
aggregate principal amount of the outstanding Existing Notes, the Company, the
guarantors thereto  and  U.S.  Bank  National  Association,  as  trustee  (the 
"Trustee"),  have  executed  a   supplemental  indenture  (the   "Supplemental 
Indenture") to the indenture governing the Existing Notes, which will be filed
with the Securities and  Exchange Commission at a  later date. The  amendments 
and modifications contained  in the Supplemental  Indenture eliminate  certain 
restrictive  covenants  contained  in  the  indenture.  These  changes  became 
operative concurrently with the  acceptance for payment on  March 21, 2013  of 
all Existing Notes that were validly  tendered (and not validly withdrawn)  at 
or prior to the Consent Payment Deadline.

This press release is not an offer  to purchase or a solicitation of an  offer 
to sell any securities, including the Existing Notes. The tender offer is only
being made  pursuant  to  the terms  of  the  offer to  purchase  and  consent 
solicitation statement,  dated  March  7,  2013  (as  it  may  be  amended  or 
supplemented from  time  to time,  the  "Statement"), and  related  letter  of 
transmittal (the "Letter of Transmittal").

The complete terms and  conditions of the  tender offer are  set forth in  the 
Statement that has  been sent to  holders of the  Existing Notes. Holders  are 
urged to read the tender offer documents carefully before making any  decision 
with respect to the tender offer and consent solicitation. Holders of Existing
Notes must make  their own decisions  as to whether  to tender their  Existing 
Notes and provide  the related  consents, and  if they  decide to  do so,  the 
principal amount of the Existing Notes to tender.

Holders may  obtain  copies  of  the  Statement  and  the  related  Letter  of 
Transmittal from the Information  Agent and Depositary  for the tender  offer, 
Global Bondholder Services  Corporation by  phone at (866)  387-1500 or  (212) 
430-3774 or in writing at 65 Broadway - Suite 404, New York, NY 10006.

BofA Merrill Lynch has been engaged to act as the exclusive Dealer Manager and
Solicitation Agent  in  connection  with  the tender  offer  and  the  consent 
solicitation. Any questions regarding  the terms of the  tender offer and  the 
consent solicitation  should  be  directed  to BofA  Merrill  Lynch  at  (888) 
292-0070 (U.S. toll free) or (980) 387-3907 (collect).

None  of  the  Company,  the  Dealer  Manager  and  Solicitation  Agent,   the 
Information Agent and Depositary or any other person makes any  recommendation 
as to whether holders of Existing Notes should tender their Existing Notes  or 
provide the related consents, and  no one has been  authorized to make such  a 


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   or   our   Investor   Relations   home   page   at 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.


Bill Thomas
Assistant Treasurer and Interim Director, Investor Relations


This announcement is distributed by Thomson Reuters on behalf of Thomson
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(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
information contained therein.

Source: Sealed Air Corporation via Thomson Reuters ONE
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