Sealed Air Prices Senior Notes Offering

Sealed Air Corporation SEE today announced the pricing of its offering of $425 million aggregate principal amount of 6.50% senior notes due 2020 (the "Notes").  Sealed Air intends to use the net proceeds from the offering, along with cash on hand, to repurchase, redeem or satisfy and discharge all of its outstanding 5.625% Senior Notes due 2013. The Company will not be offering the senior notes due 2022 as previously announced, and the Company intends to terminate the cash tender offer to purchase any and all outstanding $400 million in aggregate principal amount of 7.875% Senior Notes of the Company due 2017. Net proceeds from the sale of the Notes, after underwriting discounts and commissions and the Company's estimated fees and expenses, is expected to be approximately $416 million.  We expect the offerings to close on November 28, 2012, subject to customary closing conditions.