Sealed Air Prices Upsized Debt Offering To Raise $600M

  • Sealed Air Corp SEE has announced the pricing of its offering of 1.573% senior secured notes due 2026. The offering was upsized from $425 million of Notes to $600 million of Notes.
  • Sealed Air intends to use the net proceeds from the offering to repurchase the 4.875% senior notes due 2022.
  • The company estimates net proceeds from the sale of the Notes, after initial purchasers' discounts and commissions, to be about $595 million.
  • The offering is expected to close on September 29, 2021.
  • Price Action: SEE shares closed higher by 0.21% at $58.27 on Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsOfferingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!