Sealed Air Cp Stock Price, News & Analysis

Sealed Air Corporation (NYSE: SEE) will release its third quarter 2021 results on November 2, 2021, at 7:00 a.m. ET, followed by a conference call at 10:00 a.m. ET. The call will feature CEO Ted Doheny and CFO Chris Stephens, and it can be accessed live on the company’s investor homepage. Sealed Air generated $4.9 billion in sales in 2020 and aims for sustainability with a pledge to make 100% of its packaging recyclable or reusable by 2025, and achieve net-zero carbon emissions by 2040.

Sealed Air Corporation (NYSE: SEE) has announced the pricing details of its cash Tender Offer for its outstanding 4.875% Senior Notes due December 1, 2022, totaling US$425 million. The Tender Offer will expire on October 13, 2021, unless extended. Early tenders by September 28, 2021, will qualify for a Total Consideration of approximately $1,039.26 per $1,000 principal amount, which includes an Early Tender Payment of $30.00. The settlement for early tenders is expected on September 30, 2021.

Sealed Air Corporation (NYSE: SEE) has successfully closed its offering of $600 million in 1.573% senior secured notes due 2026, sold at 100% of their principal amount. The company plans to use the net proceeds primarily to repurchase its outstanding 4.875% senior notes due 2022 and for general corporate purposes. The notes, which are secured by liens on the company’s personal property, are offered to qualified institutional buyers and non-U.S. persons. Sealed Air aims to enhance its financial position while fulfilling its commitment to sustainable practices.

Sealed Air Corporation (NYSE:SEE) has announced the results of its cash tender offer for its 4.875% senior notes due 2022. The early tender period ended on September 28, 2021, with $339.26 million, or 79.83%, of the notes validly tendered. Settlement for accepted notes is expected on September 30, 2021. The company received sufficient consents for amendments to eliminate certain covenants in the indenture, effective concurrently with the settlement. The final period for the tender offer will end on October 13, 2021, unless extended.

Sealed Air Corporation (NYSE: SEE) has announced the pricing of its upsized offering of 1.573% senior secured notes, increasing the aggregate principal from $425 million to $600 million. These notes will be guaranteed by the company's subsidiaries and secured by liens on personal property. The proceeds will be used to repurchase the 4.875% senior notes due in 2022, with approximately $595 million expected after costs. The offering is set to close on September 29, 2021, subject to conditions. The notes are offered to qualified institutional buyers under SEC regulations.

Sealed Air Corporation (NYSE: SEE) announced the commencement of an offering of senior secured notes due 2026, guaranteed by its wholly owned domestic subsidiaries. The proceeds will be used to repurchase existing 4.875% senior notes due 2022 and cover related costs. The offering is only available to qualified institutional buyers and non-U.S. persons. Sealed Air aims to enhance its corporate financial structure while furthering its commitment to sustainability, with initiatives aiming for recyclable packaging materials by 2025 and net-zero carbon emissions by 2040.

Sealed Air Corporation (NYSE: SEE) has initiated a cash tender offer for all its outstanding 4.875% Senior Notes due December 1, 2022, totaling US$425 million. The company is also soliciting consents for proposed amendments to the notes' indenture, aiming to remove certain covenants and events of default. The Tender Offer will expire on October 13, 2021, and early participation can increase the total consideration. This move reflects the company’s strategy to manage debt and optimize financing.

Sealed Air Corporation (NYSE: SEE) will participate in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 13, 2021, at 1:30 p.m. ET. The executive team, including President and CEO Ted Doheny and SVP and CFO Chris Stephens, will outline the Company's SEE Operating Model and growth strategy, emphasizing automation, digital innovation, and sustainability. Sealed Air aims to lead in packaging solutions and has set ambitious sustainability goals, including a pledge for 100% recyclable or reusable packaging by 2025 and a net-zero carbon emissions target by 2040.

SEE (NYSE: SEE) reported a strong Q2 2021, with net sales rising 15% to $1.3 billion driven by a 9% increase in volume. Adjusted EBITDA edged up 1% to $263 million, though it faced inflationary pressures and supply chain challenges. The company raised its 2021 sales and EPS outlook, expecting net sales of $5.4 to $5.5 billion. The dividend was increased by 25%, and a new $1 billion share repurchase program was announced, replacing the previous one. SEE's commitment to automation and sustainability continues to be paramount.