secwatch.observer — SEC 8-K summary
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Issuer:     SEALED AIR CORP/DE (—)
CIK:        0001012100
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001628280-23-039683
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEE issues $425M of 7.250% senior notes due 2031 to refinance 5.125% notes due 2024
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- $425M aggregate principal of 7.250% senior notes due Feb 15, 2031 issued at 100% of par.
- Tender offer for 5.125% senior notes due 2024 resulted in $202.5M (47.66%) validly tendered.
- Net proceeds used to repurchase tendered 2024 notes and for general corporate purposes.
- Notes are senior unsecured, guaranteed by domestic subsidiaries; redeemable at make-whole prior to Nov 15, 2026.
- Remaining 2024 notes not tendered will be satisfied and discharged per indenture terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1012100/000162828023039683/0001628280-23-039683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1012100/000162828023039683/see-20231115.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-039683

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer