SEE Announces Expiration and Results of Offer to Purchase 4.500% Senior Notes due 2023
CHARLOTTE, N.C., January 27, 2023–(BUSINESS WIRE)–Sealed Air Company (“Sealed Air”) (NYSE: SEE) as we speak introduced that the beforehand introduced money tender supply (the “Tender Supply”) for any and all of its 4.500% senior notes due 2023 (the “Notes”) expired at 5:00 p.m. New York Metropolis time, on January 27, 2023 (the “Expiration Date”). In keeping with info offered by World Bondholder Providers Company, the Depositary and Data Agent for the Tender Supply, €233,297,000 mixture principal quantity of the Notes, or 58.32% of the combination principal quantity excellent, have been validly tendered at or previous to the expiration of the Tender Supply and never validly withdrawn. No Notes have been tendered pursuant to the assured supply procedures described within the Supply to Buy, dated January 17, 2023 (the “Supply to Buy”). The Tender Supply was made pursuant to the Supply to Buy and the associated Discover of Assured Supply (along with the Supply to Buy, the “Supply Paperwork”). The duty of Sealed Air to simply accept the Notes tendered and to pay the consideration for the Notes is topic to satisfaction or waiver of sure situations, that are extra totally described within the Supply to Buy. On February 1, 2023, which is the anticipated settlement date (the “Settlement Date”) for the Tender Supply, Sealed Air expects to pay for all Notes which were validly tendered and never validly withdrawn.
Holders of Notes accepted for buy pursuant to the Tender Supply will obtain the beforehand introduced whole consideration of €1,005.60 for every €1,000 principal quantity of the Notes plus accrued and unpaid curiosity on Notes bought as much as, however not together with, the Settlement Date. Sealed Air intends to fulfill and discharge any excellent Notes that aren’t tendered within the Tender Supply upon the phrases and situations set forth within the indenture governing the Notes.
Sealed Air has retained Goldman Sachs & Co. LLC to behave as unique Supplier Supervisor. World Bondholder Providers Company has been retained to function each the depositary and the data agent (the “Depositary and Data Agent”) for the Tender Supply. For extra info concerning the phrases of the Tender Supply, please contact: Goldman Sachs & Co. LLC at (800) 828-3182 (toll free) or (212) 902-5962 (acquire). Requests for copies of the Supply to Buy and different associated supplies must be directed to World Bondholder Providers Company at [email protected] (electronic mail), 1-855-654-2014 (U.S. Toll Free), 1-212-430-3774 (Banks and Brokers).
This press launch is for informational functions solely and isn’t a proposal to buy or a solicitation of a proposal to promote with respect to any Notes neither is this announcement a proposal to promote or a solicitation of a proposal to buy new debt securities. The Tender Supply was made solely pursuant to the Supply Paperwork, which set forth the entire phrases and situations of the Tender Supply. The Tender Supply isn’t being made to, nor will Sealed Air settle for tenders of Notes from, holders in any jurisdiction during which the making or acceptance thereof wouldn’t be in compliance with the securities, blue sky or different legal guidelines of such jurisdiction.
Sealed Air (NYSE: SEE) is in enterprise to guard, remedy important packaging challenges, and make our world higher than we discover it. Our automated packaging options promote a safer, extra resilient, and fewer wasteful international meals, fluids and liquids provide chain, allow e-commerce, and defend items transported worldwide.
Our globally acknowledged manufacturers embody CRYOVAC® model meals packaging, SEALED AIR® model protecting packaging, AUTOBAG® model automated methods, BUBBLE WRAP® model packaging, SEE Automation™ options and prismiq™ good packaging and digital printing.
SEE serves clients in 114 nations/territories.
This press launch comprises “forward-looking statements” throughout the that means of the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995 regarding our enterprise, consolidated monetary situation, outcomes of operations or money flows. Ahead-looking statements are topic to dangers and uncertainties, lots of that are exterior our management, which might trigger precise outcomes to vary materially from these statements. Due to this fact, you shouldn’t depend on any of those forward-looking statements. Ahead-looking statements may be recognized by such phrases as “anticipate,” “imagine,” “plan,” “assume,” “might,” “ought to,” “estimate,” “count on,” “intend,” “potential,” “search,” “predict,” “could,” “will” and related references to future intervals. All statements apart from statements of historic details included on this press launch concerning our methods, prospects, monetary situation, operations, prices, plans and aims are forward-looking statements. Examples of forward-looking statements embody, amongst others, statements we make concerning anticipated future working outcomes, the anticipated consummation of the Liqui-Field Acquisition, Liqui-Field’s anticipated future working outcomes, expectations concerning the outcomes of restructuring and different packages, expectations concerning the outcomes of enterprise methods and transformations (together with anticipated value synergies following the Liqui-Field Acquisition), anticipated ranges of capital expenditures and expectations of the impact on our monetary situation of claims, litigation, environmental prices, contingent liabilities and governmental and regulatory investigations and proceedings.
The next are necessary components that we imagine might trigger precise outcomes to vary materially from these in our forward-looking statements: international financial and political situations, foreign money translation and devaluation results, adjustments in uncooked materials pricing and availability, aggressive situations, the success of latest product choices, client preferences, the consequences of animal and food-related well being points, the consequences of epidemics or pandemics, together with the Coronavirus Illness 2019, adverse impacts associated to the continuing battle between Russia and Ukraine and associated sanctions, export restrictions and different counteractions thereto, adjustments in vitality prices, environmental issues, the success of our restructuring actions, the success of our merger, acquisition and fairness funding methods, the success of our monetary progress, profitability, money era and manufacturing methods and our value discount and productiveness efforts, adjustments in our credit score rankings, the tax profit related to the Settlement settlement (as outlined in Notice 18 to our condensed consolidated monetary statements included in Half I, Merchandise 1 of our Quarterly Report on Kind 10-Q for the fiscal quarter ended September 30, 2022), regulatory actions and authorized issues, and the opposite info referenced in Half I, Merchandise 1A, “Threat Components” of our Annual Report on Kind 10-Ok for the fiscal 12 months ended December 31, 2021, and as revised and up to date by our Quarterly Studies on Kind 10-Q for the fiscal quarters ended March 31, 2022, June 30, 2022 and September 30, 2022, as filed with the Securities and Trade Fee, and as revised and up to date by our Present Studies on Kind 8-Ok. Any forward-looking assertion made by us is predicated solely on info at the moment accessible to us and speaks solely as of the date on which it’s made. We undertake no obligation to publicly replace any forward-looking assertion, whether or not written or oral, that could be made now and again, whether or not because of new info, future developments or in any other case.
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