News Column

Sealed Air Corporation Announces Secondary Offering by Selling Stockholder

June 28, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Sealed Air Corporation ("Sealed Air") (NYSE:SEE) announced that the WRG Asbestos PI Trust (the "selling stockholder") has agreed to sell 5,000,000 shares of common stock, par value $0.10 per share ("Common Stock") of Sealed Air, in an underwritten secondary offering on a bought deal basis. Sealed Air will not sell any shares in the offering and will not receive any proceeds from the offering. Concurrently with, and conditioned upon the completion of, this offering, Sealed Air has agreed to purchase $130 million of Common Stock from the selling stockholder at the price at which the shares of Common Stock are sold to the underwriter in the secondary offering.

Credit Suisse Securities (USA) LLC is serving as the sole underwriter of the offering.

The shares will be offered pursuant to an effective registration statement previously filed with the Securities and Exchange Commission. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. Copies of the prospectus supplement and the accompanying prospectus when available may be obtained by contacting Credit Suisse Securities (USA) LLC by mail at Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, by telephone at (800) 221-1037, or by Email at newyork.prospectus@credit-suisse.com.

Keywords for this news article include: Banking and Finance, Sealed Air Corporation.

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Source: Investment Weekly News


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