Sealed Air Announces Closing Of Offering of Senior Notes

Sealed Air Corporation (“Sealed Air” or the “Company”)

today announced the closing of the previously announced offering of $425 million aggregate principal amount of 4.875% senior notes due 2022 (the “2022 Notes”) and $425 million aggregate principal amount of 5.125% senior notes due 2024 (together with the 2022 Notes, the “Notes”). The Notes were sold to investors at 100.0% of their aggregate principal amount. The Company is using the net proceeds from the offering of the Notes to repurchase all of its outstanding 8.125% senior notes due 2019 pursuant to the tender offer that the Company launched on November 7, 2014, to pay consent fees in connection with the consent solicitation that the Company launched on November 7, 2014 to proposed amendments to the indenture that governs its 8.375% senior notes due 2021, to pay related premiums, fees and expenses and for general corporate purposes. The Notes and related guarantees have been offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption form, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor has there been any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.