Sealed Air Commences Offer for 8.375% Senior Notes Due 2021
The total consideration for each
The Offer will expire at
The Company’s obligation to accept for purchase and to pay for the 2021
Notes validly tendered and not withdrawn pursuant to the Offer is
subject to the satisfaction or waiver, in the Company’s discretion, of
certain conditions, which are more fully described in the Offer to
Purchase, including, among others, the Company’s receipt of aggregate
proceeds (before initial purchasers’ discounts, fees and other offer
expenses) of at least
Copies of the Offer to Purchase, the Letter of Transmittal and the Notice of Guaranteed Delivery are available at the following web address: http://www.gbsc-usa.com/sealedair/.
The Offer is being made solely by means of the Offer Documents. Under no circumstances shall this press release constitute an offer to purchase or the solicitation of an offer to sell the 2021 Notes or any other securities of the Company or any other person, nor shall there be any offer or sale of any 2021 Notes or other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No recommendation is made as to whether holders of the 2021 Notes should tender their 2021 Notes.
Business
Website Information
We routinely post important information for investors on our website, www.sealedair.com,
in the “Investor Relations” section. We use this website as a means of
disclosing material, non-public information and for complying with our
disclosure obligations under Regulation FD. Accordingly, investors
should monitor the Investor Relations section of our website, in
addition to following our press releases,
Forward-Looking Statements
This press release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 concerning our business, consolidated
financial condition and results of operations. Forward-looking
statements are subject to risks and uncertainties, many of which are
outside our control, which could cause actual results to differ
materially from these statements. Therefore, you should not rely on any
of these forward-looking statements. Forward-looking statements can be
identified by such words as “anticipates,” “believes,” “plan,”
“assumes,” “could,” “should,” “estimates,” “expects,” “intends,”
“potential,” “seek,” “predict,” “may,” “will” and similar references to
future periods. All statements other than statements of historical facts
included in this press release regarding our strategies, prospects,
financial condition, operations, costs, plans and objectives are
forward-looking statements. Examples of forward-looking statements
include, among others, statements we make regarding expected future
operating results, expectations regarding the results of restructuring
and other programs, anticipated levels of capital expenditures and
expectations of the effect on our financial condition of claims,
litigation, environmental costs, contingent liabilities and governmental
and regulatory investigations and proceedings. The following are
important factors that we believe could cause actual results to differ
materially from those in our forward-looking statements: the cash tax
benefits associated with the Settlement agreement (as defined in our
2014 Annual Report on Form 10-K), global economic and political
conditions, changes in our credit ratings, changes in raw material
pricing and availability, changes in energy costs, competitive
conditions, success of our restructuring activities, currency
translation and devaluation effects, the success of our financial
growth, profitability, cash generation and manufacturing strategies and
our cost reduction and productivity efforts, the effects of animal and
food-related health issues, pandemics, consumer preferences,
environmental matters, regulatory actions and legal matters, and the
other information referenced in the “Risk Factors” section appearing in
our most recent Annual Report on Form 10-K, as filed with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20150608005656/en/
Source:
Sealed Air Corporation
Investor:
Lori Chaitman, 201-703-4161
or
Media:
Ken
Aurichio, 201-703-4164