Sealed Air Announces Completion of Tender Offer for 7.875% Senior Notes Due 2017

  Sealed Air Announces Completion of Tender Offer for 7.875% Senior Notes Due

Business Wire

ELMWOOD PARK, N.J. -- April 4, 2013

Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE: SEE) today
announced that the final tender period for the previously announced offer to
purchase its outstanding 7.875% Senior Notes due 2017 (the “2017 Notes”),
expired at 11:59 p.m., New York City time, on April 3, 2013 (the “Expiration

At the Expiration Time, $324.182 million principal amount of 2017 Notes, or
81.05% of the aggregate principal amount outstanding, had been validly
tendered and not withdrawn. As part of the previously announced early tender,
the Company purchased for cash, on March 21, 2013, $324.167 million of the
tendered 2017 Notes.The complete terms and conditions of the tender offer
were set forth in an Offer to Purchase and Consent Solicitation Statement that
was sent to holders of the 2017 Notes.


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.


Sealed Air Corporation
Bill Thomas, 201-703-4136
Press spacebar to pause and continue. Press esc to stop.