SEE Announces Expiration and Results of Offer to Purchase 5.500% Senior Notes due 2025

Core Points - Sealed Air Corporation announced the expiration of its cash tender offer for its 5.500% senior notes due 2025, which ended on June 24, 2024 [1] - A total of $277,801,000, or 69.45% of the outstanding principal amount of the notes, was validly tendered [1] - The expected settlement date for the tender offer is June 28, 2024, when the company plans to pay for all validly tendered notes [1] Tender Offer Details - The total consideration for each $1,000 principal amount of the notes accepted for purchase is $998.77, plus accrued and unpaid interest [2] - The tender offer was made pursuant to the Offer Documents, which detail the terms and conditions of the offer [3] - The company intends to satisfy and discharge any outstanding notes that are not tendered in the tender offer [2] Company Overview - Sealed Air Corporation is a global provider of packaging solutions, focusing on sustainable materials and automation [4] - The company serves various end markets, including food preservation, medical and life sciences, e-commerce, and industrial sectors [4] - In 2023, Sealed Air generated $5.5 billion in sales and employed approximately 17,000 people across 115 countries [12]