Welcome to our dedicated page for Sealed Air news (Ticker: SEE), a resource for investors and traders seeking the latest updates and insights on Sealed Air stock.
Sealed Air Corporation (NYSE: SEE) is a global leader in packaging solutions, committed to creating a world that feels, tastes, and works better through innovation and sustainability. In 2023, the company generated $5.5 billion in sales, supported by approximately 17,000 employees serving customers in 115 countries.
Sealed Air’s operations are segmented into two main categories: Food Care and Product Care. The Food Care division offers food packaging products under brands like Cryovac®, Darfresh®, and OptiDure™, primarily targeting meat products. The Product Care division includes iconic brands such as Bubble Wrap®, Instapak®, Jiffy® mailers, and shrink film packaging systems designed for industrial and e-commerce applications.
The company’s portfolio of renowned brands ensures a safer, less wasteful food supply chain, protects valuable goods during global shipments, and enhances health through improved hygiene solutions. In recent years, Sealed Air has made significant strides in sustainability, achieving net sales of $1.33 billion in Q1 2024, and focusing on eco-friendly initiatives through the SEE Impact Report 2022.
Sealed Air is dedicated to sustainability, integrating automation, digital, and sustainable packaging solutions to help customers achieve their environmental goals. It pursues scalable solutions to promote circularity, prevent waste, and reduce reliance on natural resources. Collaborations and innovative technologies keep Sealed Air at the forefront of the packaging industry, ensuring high performance and sustainable growth.
For more information, visit www.sealedair.com.
Sealed Air (SEE) emphasizes its commitment to environmental sustainability through strategic initiatives led by Andrei Stoddard, Global Operations Excellence Director. The company aims for net-zero carbon emissions by 2040 and has made considerable progress since 2012 in reducing energy, waste, and greenhouse gas emissions. Their new solar farm in California generates 98% of the facility's electricity, helping to avoid 4,982 metric tons of CO2 annually. Employee-led projects in Argentina, China, and Mexico highlight SEE's innovative approach to operational excellence, focusing on recycling, energy efficiency, and community contributions.
Sealed Air (NYSE: SEE) has completed the acquisition of Liquibox for
CEO Ted Doheny highlighted the acquisition as a significant step in SEE's transformation towards a digitally driven and sustainable packaging future. The financial details and impacts will be discussed in SEE's earnings call on February 9, 2023.
Sealed Air Corporation (NYSE: SEE) has successfully closed a $775 million offering of 6.125% senior notes maturing in 2028, sold at par value. Proceeds will finance the acquisition of Liqui-Box, Inc., redeem 4.500% senior notes due 2023, and cover general corporate expenses. The notes are offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act. This strategic move aims to enhance business operations and cash management for upcoming projects.
Sealed Air Corporation (NYSE: SEE) announced the expiration of its cash tender offer for its 4.500% senior notes due 2023, which ended on January 27, 2023, at 5:00 p.m. EST. A total of €233,297,000, or 58.32% of the outstanding amount, was tendered. The expected settlement date for the Tender Offer is February 1, 2023, with holders receiving €1,005.60 for each €1,000 principal amount plus accrued interest. Sealed Air plans to meet any outstanding obligations on non-tendered Notes as per the indenture terms. Goldman Sachs & Co. LLC is the exclusive Dealer Manager for this offer.
Sealed Air Corporation (NYSE: SEE) announced a cash tender offer for its 4.500% senior notes due 2023, with a Total Consideration of €1,005.60 per €1,000 principal amount of the notes accepted for purchase. The Total Consideration was calculated based on a fixed spread of 50 basis points plus a yield to maturity of 2.479%. The tender offer will expire today at 5:00 p.m. New York City time unless extended. The company will also pay accrued and unpaid interest up to the expected settlement date of February 1, 2023. Goldman Sachs & Co. LLC is the exclusive Dealer Manager, and Global Bondholder Services Corporation is the Depositary and Information Agent.
Sealed Air (SEE) is enhancing its commitment to sustainability by investing in circular economy solutions aimed at reducing plastic waste. On January 18, 2023, the company announced a $5 million investment in Closed Loop Partners' Circular Plastics Fund, contributing to a $100 million goal for recycling technology. Alongside partners like ExxonMobil and Ahold Delhaize USA, SEE is developing low-carbon food-grade packaging solutions. These collaborations focus on increasing recycling capabilities and advancing sustainable practices, thus positioning Sealed Air as a leader in the transition towards a waste-free future.
Sealed Air Corporation (NYSE: SEE) has announced the pricing of its offering of 6.125% senior notes due 2028, aiming to raise approximately
Sealed Air Corporation (NYSE: SEE) announced an offering of senior notes due 2028, with proceeds primarily allocated for the acquisition of Liqui-Box and repurchase of outstanding 4.500% senior notes due 2023. The Issuers intend to finance the Liqui-Box acquisition through proceeds from the offering, a loan, and cash reserves. If the acquisition is not completed by May 8, 2024, $350 million of the notes will be mandatorily redeemed. The offering is limited to qualified institutional buyers and non-U.S. persons under Regulation S. This press release does not constitute an offer to sell or solicit buy orders for the notes.
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