Sealed Air Corporation (NYSE:SEE) announced today that as planned, it
retired all of its remaining outstanding 6.95% Senior Notes due May 15,
2009 on their maturity date. These notes had a face value of
approximately $136.7 million. The face value of these notes, along with
$4.7 million of accrued interest, was paid primarily with available cash.
Business
Sealed Air is a leading global innovator and manufacturer of a wide
range of packaging and performance-based materials and equipment systems
that serve an array of food, industrial, medical, and consumer
applications. Operating in 52 countries, Sealed Air's international
reach generated revenue of $4.8 billion in 2008. With widely recognized
brands such as Bubble Wrap® brand cushioning, Jiffy® protective mailers,
Instapak® foam-in-place systems and Cryovac® packaging technology,
Sealed Air continues to identify new trends, foster new markets, and
deliver innovative solutions to its customers. For more information
about Sealed Air, please visit the Company’s web site at www.sealedair.com.
Sealed Air Corporation
Amanda Butler, 201-791-7600
