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Sealed Air Corp. - SEE STOCK NEWS

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.

News

SEE Announces Closing of Offering of Senior Notes

Rhea-AI Summary
Sealed Air Corporation (SEE) Announces Closing of $425 Million Senior Notes Offering at 7.250% Due 2031. The offering aims to repurchase outstanding 5.125% senior notes due 2024 and for general corporate purposes. The Notes were sold to investors at 100.0% of their aggregate principal amount. The Notes and related guarantees have been offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act.
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Video: SEE(R) Creates Sustainability Beyond Our Oceans With Talley's

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SEE®: Talley's Seafood Division Implements Sustainable Packaging Solution with Curbside-Recyclable TempGuard Insulated Box Liners from Sealed Air®
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SEE Announces Expiration and Results of Offer to Purchase 5.125% Senior Notes due 2024

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Sealed Air Corporation (SEE) Announces Successful Completion of Cash Tender Offer for 5.125% Senior Notes due 2024. The Tender Offer expired with $202,549,000 aggregate principal amount of the Notes, or 47.66% of the aggregate principal amount outstanding, being validly tendered. The expected Settlement Date is November 20, 2023, where SEE will pay for all validly tendered Notes. Holders of accepted Notes will receive the total consideration of $992.97 for each $1,000 principal amount of the Notes plus accrued and unpaid interest.
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SEE Announces the Total Consideration for Its Offer to Purchase 5.125% Notes Due 2024

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Sealed Air Corporation (SEE) Announces Total Consideration for Cash Tender Offer of 5.125% Senior Notes Due 2024
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From the SEE(R) Impact Report: Integrating Automation, Digital, and Sustainability

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SEE - Integrating Automation, Digital, and Sustainability for Unparalleled Customer Packaging Experience
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SEE Announces Pricing of Senior Notes

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Sealed Air Corporation (SEE) announces the pricing of 7.250% senior notes due 2031 and the intention to use the net proceeds to repurchase outstanding 5.125% senior notes due 2024 and for general corporate purposes. The offering is expected to close on November 20, 2023, and the net proceeds are estimated to be approximately $421 million.
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SEE Announces Offering of Senior Notes

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Sealed Air Corporation (SEE) announces the commencement of an offering of senior notes due 2031, with the intention to use the net proceeds to repurchase outstanding 5.125% senior notes due 2024 and for general corporate purposes. The Notes and related guarantees will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act.
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SEE Announces Cash Tender Offer For Any and All 5.125% Senior Notes Due 2024

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Sealed Air Corporation (SEE) Commences Cash Tender Offer for 5.125% Senior Notes due 2024, Offering $425,000,000 Principal Amount Outstanding, with the Tender Offer Expiring on November 15, 2023. The Total Consideration and Settlement Date are Determined by Reference to the Fixed Spread and Yield to Maturity Based on the Bid-Side Price of the Reference Security.
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SEE Upcoming Event with the Financial Community

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Sealed Air Corporation (NYSE: SEE) will be participating in the 2023 Baird Global Industrial Conference on November 7, 2023, in Chicago, IL. The executive team will discuss the company's strategy for driving high-quality growth. Emile Chammas, Interim Co-CEO and COO, Dustin Semach, Interim Co-CEO and CFO, and Susan Yang, VP Treasurer, Investor Relations and Strategic Growth Finance, will be presenting at 8:30 am CT. The presentation will be webcast live and can be viewed on SEE's Investors homepage at www.sealedair.com/investors.
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SEE Reports Q3 2023 Results

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SEE (NYSE: SEE) reported Q3 2023 financial results with net sales of $1.38 billion, down 1%. Net earnings were $58 million, down 57%. Adjusted EBITDA was $285 million, down 3%. Earnings per share (Diluted) were $0.40, down 56%. Free cash flow was $183 million, up 33%.
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FAQ

What is the current stock price of Sealed Air (SEE)?

The current stock price of Sealed Air (SEE) is $35.9 as of November 22, 2024.

What is the market cap of Sealed Air (SEE)?

The market cap of Sealed Air (SEE) is approximately 5.2B.

What does Sealed Air Corporation specialize in?

Sealed Air Corporation specializes in sustainable packaging solutions, including food packaging, protective packaging, and automated packaging systems.

What are some of Sealed Air's notable brands?

Notable brands include Cryovac®, Bubble Wrap®, Darfresh®, OptiDure™, Instapak®, Jiffy® mailers, and AUTOBAG® automated packaging systems.

How does Sealed Air contribute to sustainability?

Sealed Air integrates automation, digital, and sustainable packaging solutions to enhance circularity, prevent waste, and reduce natural resource dependency.

What were Sealed Air's financial results for Q1 2024?

Sealed Air reported net sales of $1.33 billion, a 1% decrease from the prior year, with net earnings of $83 million, up 33%.

What are the two main business segments of Sealed Air?

The two main business segments are Food Care and Product Care, offering solutions for food packaging and industrial/e-commerce applications, respectively.

How many employees does Sealed Air have?

Sealed Air has approximately 17,000 employees serving customers in 115 countries.

What are some of Sealed Air's recent innovations?

Recent innovations include the Automated Tire Wrap Solution and BUBBLE WRAP® brand high-recycled content cushioning with circular resins.

Where can investors find more information about Sealed Air?

Investors can find more information on Sealed Air's website under the Investors section at www.sealedair.com/investors.

What is the SEE Impact Report?

The SEE Impact Report details Sealed Air's sustainability initiatives, innovations, and efforts in enhancing circularity and reducing environmental impact.

How does Sealed Air support the food industry?

Sealed Air supports the food industry through its Cryovac® brand food packaging solutions, which help extend shelf life and reduce food waste.

Stock SEE logo
Sealed Air Corp.

NYSE:SEE

SEE Rankings

#1286 Ranked by Market Cap
#1283 Ranked by Dividends

SEE Stock Data

5.22B
143.09M
1.15%
96.48%
3.65%
Packaging & Containers
Plastic Material, Synth Resin/rubber, Cellulos (no Glass)
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United States of America
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