Sealed Air Announces Extension of Consent Solicitation with Respect to 8.375% Senior Notes Due 2021
24 November 2014 - 11:30PM
Business Wire
Sealed Air Corporation (“Sealed Air” or the “Company”)
(NYSE:SEE) today announced that it has extended until 5:00 p.m.,
New York City time, on November 28, 2014 (such date and time, the
“New Expiration Date”), its previously announced solicitation of
consents (“Consent Solicitation”) from holders of its 8.375% senior
notes due 2021 (the “Notes”) to the proposed amendments to the
related indenture. Consents with respect to the Notes may be
revoked at any time prior to the earlier of (i) the New Expiration
Date and (ii) the time at which the requisite consents for the
Notes have been received. The Consent Solicitation had previously
been scheduled to expire on November 21, 2014.
Holders who have previously delivered consents do not need to
redeliver such consents or take any other action in response to
this announcement in order to consent or receive the consent
payment upon the successful conclusion of the Consent
Solicitation.
This press release is for informational purposes only and is not
a solicitation of consents with respect to the Notes. The Consent
Solicitation is being made solely by the Consent Solicitation
Statement dated November 7, 2014 (the “Consent Solicitation
Statement”) and the related consent form, which set forth the
complete terms of the Consent Solicitation. Holders are referred to
the Consent Solicitation Statement and the related consent form for
detailed terms and conditions of the Consent Solicitation, all of
which remain unchanged except as set forth in this press
release.
Questions concerning the terms of the Consent Solicitation
should be directed to J.P. Morgan Securities LLC by calling (800)
245-8812 (U.S. toll-free) or (212) 270-1200 (collect) and Morgan
Stanley & Co. LLC at (800) 624-1808 (U.S. toll free) or (212)
761-1057 (collect). Requests for assistance in completing and
delivering a consent form or requests for additional copies of the
Consent Solicitation Statement and the related consent form should
be directed to Global Bondholder Services Corporation, by calling
(866) 924-2200 (U.S. toll-free) or (212) 430 3774 (banks and
brokers) or in writing at 65 Broadway – Suite 404, New York, NY
10006.
The Consent Solicitation is not being made to, and a consent
form will not be accepted from or on behalf of, a holder in any
jurisdiction in which the making of the Consent Solicitation or the
acceptance thereof would not be in compliance with the laws of such
jurisdiction. In any jurisdiction in which the securities laws or
blue sky laws require the Consent Solicitation to be made by a
licensed broker or dealer, the Consent Solicitation will be deemed
to be made on behalf of the Company by J.P. Morgan Securities LLC,
Morgan Stanley & Co. LLC or one or more registered brokers or
dealers that are appropriately licensed under the laws of such
jurisdiction.
Business
Sealed Air creates a world that feels, tastes and works better.
In 2013, Sealed Air generated revenue of approximately $7.7 billion
by helping our customers achieve their sustainability goals in the
face of today’s biggest social and environmental challenges. Our
portfolio of widely recognized brands, including Cryovac® brand
food packaging solutions, Bubble Wrap® brand cushioning and
Diversey® cleaning and hygiene solutions, ensures a safer and less
wasteful food supply chain, protects valuable goods shipped around
the world and improves health through clean environments. Sealed
Air has approximately 25,000 employees who serve customers in 175
countries. To learn more, visit www.sealedair.com. Information on
Sealed Air’s website is not incorporated into, and does not form a
part of, this press release.
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 SEC Regulation FD. Accordingly, investors should
monitor the Investor Relations section of our website, in addition
to following our press releases, SEC filings, public
conference calls, presentations and webcasts. The information
contained on, or that may be accessed through, our website is not
incorporated by reference into, and is not a part of, this
document.
Forward-Looking
Statements
Statements in this press release may be “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 concerning our business, consolidated financial
condition and results of operations. These statements include
comments as to future events that may affect Sealed Air, which are
based upon management’s current expectations and are subject to
uncertainties, many of which are outside Sealed Air’s control.
Forward-looking statements can be identified by such words as
“anticipates,” “expects,” “believes,” “plan,” “could,” “estimate,”
“will” and similar expressions. A variety of factors may cause
actual results to differ materially from these expectations,
including economic conditions affecting packaging utilization,
changes in raw material costs, currency translation effects, and
legal proceedings. For more extensive information, see “Risk
Factors” and “Cautionary Notice Regarding Forward-Looking
Statements,” which appear in our most recent Annual Report on Form
10-K, as may be revised and updated from time to time by our
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as
filed with the Securities and Exchange Commission. These reports
are available on the Securities and Exchange Commission’s website
at www.sec.gov or our Investor Relations home page at
http://ir.sealedair.com. Information on Sealed Air’s website is not
incorporated into, and does not form a part of, this press release.
Sealed Air does not undertake any obligation to publicly update any
forward-looking statement to reflect events or circumstances after
the date on which any such statement is made or to reflect the
occurrence of unanticipated events.
Sealed Air CorporationInvestor Contact:Lori Chaitman,
201-703-4161orMedia Contact:Ken Aurichio, 201-703-4164
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