Sealed Air Corporation (NYSE:SEE) announced today that the Company is
commencing a private offering of approximately $250 million aggregate
principal amount of senior unsecured notes due 2017 (the “Notes”),
subject to market and other customary conditions.
The Company intends to use the net proceeds from this offering for
general corporate purposes, which may include the repurchase, retirement
or redemption of a portion of the Company’s 3% Convertible Senior Notes
due 2033.
The Notes will be offered only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and outside the United States to non-U.S. persons
pursuant to Regulation S under the Securities Act. The Notes will not be
registered under the Securities Act and will not be offered or sold in
the United States without an applicable exemption from the registration
requirements of the Securities Act.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes. Any offer to sell the Notes
will be made only by means of a private offering memorandum. The Notes
may not be offered or sold in any state or other jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or other
jurisdiction.
Forward-Looking Statements
Company statements in this press release may be forward-looking. 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
“estimates,” “expects,” “plans,” “should,” “will” and similar
expressions. Important factors that the Company believes could cause
actual results to differ materially from those in the Company’s
forward-looking statements include: general economic conditions; credit
availability and pricing; changes in raw material and energy costs;
foreign exchange rates; and legal proceedings. A more extensive list and
description of these and other such factors can be found under the
headings “Risk Factors” and “Cautionary Notice Regarding Forward-Looking
Statements,” which appear in the Company’s most recent Annual Report on
Form 10-K or Quarterly Report on Form 10-Q, as filed with the Securities
and Exchange Commission.
Sealed Air Corporation
Amanda Butler, 201-791-7600
