Sealed Air Corp Files 8-K
Ticker: SEE · Form: 8-K · Filed: Jun 17, 2024 · CIK: 1012100
| Field | Detail |
|---|---|
| Company | Sealed Air Corp/De (SEE) |
| Form Type | 8-K |
| Filed Date | Jun 17, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10, $400.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, reporting, corporate-filing
Related Tickers: SEE
TL;DR
SEE filed an 8-K, looks like routine stuff, no major news.
AI Summary
On June 17, 2024, Sealed Air Corporation (SEE) filed an 8-K report. The filing primarily concerns other events and financial statements/exhibits, with no specific material events or transactions detailed in the provided text. The report confirms the company's principal executive offices are located at 2415 Cascade Pointe Boulevard, Charlotte, North Carolina.
Why It Matters
This 8-K filing indicates routine corporate reporting, suggesting no immediate significant operational or financial changes are being disclosed at this time.
Risk Assessment
Risk Level: low — The filing appears to be routine administrative and financial reporting without disclosure of significant new risks or material events.
Key Players & Entities
- Sealed Air Corporation (company) — Registrant
- 2415 Cascade Pointe Boulevard, Charlotte, North Carolina (location) — Principal Executive Offices
- June 17, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for Sealed Air Corporation?
The filing is for 'Other Events' and 'Financial Statements and Exhibits', indicating routine corporate reporting rather than a specific material event.
When was the earliest event reported in this filing?
The earliest event reported was on June 17, 2024.
Where are Sealed Air Corporation's principal executive offices located?
The principal executive offices are located at 2415 Cascade Pointe Boulevard, Charlotte, North Carolina.
What is Sealed Air Corporation's state of incorporation?
Sealed Air Corporation is incorporated in Delaware.
Does this filing disclose any specific new business initiatives or financial results?
Based on the provided text, this filing appears to be for routine administrative and reporting purposes ('Other Events', 'Financial Statements and Exhibits') and does not detail specific new initiatives or financial results.
Filing Stats: 939 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2024-06-17 08:20:22
Key Financial Figures
- $0.10 — ich Registered Common Stock, par value $0.10 per share SEE New York Stock Exchange
- $400.0 million — er") for any and all of its outstanding $400.0 million aggregate principal amount of 5.500% Se
Filing Documents
- see-20240617.htm (8-K) — 36KB
- q22024tenderofferexhibit991.htm (EX-99.1) — 24KB
- q22024notesexhibit992.htm (EX-99.2) — 15KB
- image_0.jpg (GRAPHIC) — 1084KB
- logo.jpg (GRAPHIC) — 3KB
- 0001628280-24-028407.txt ( ) — 1705KB
- see-20240617.xsd (EX-101.SCH) — 2KB
- see-20240617_lab.xml (EX-101.LAB) — 21KB
- see-20240617_pre.xml (EX-101.PRE) — 12KB
- see-20240617_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. Tender Offer On June 17, 2024, Sealed Air Corporation (the "Company") announced that it commenced a cash tender offer (the "Tender Offer") for any and all of its outstanding $400.0 million aggregate principal amount of 5.500% Senior Notes due 2025 (the "2025 Notes"). A copy of the press release, dated June 17, 2024, announcing the commencement of the Tender Offer is attached as Exhibit 99.1 hereto and is incorporated herein by reference. New Notes Offering Also, on June 17, 2024, the Company announced that, together with Sealed Air Corporation (US), a wholly owned subsidiary of the Company (together with the Company, the "Issuers"), the Issuers commenced an offering of senior notes due 2032 (the "Notes"). The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of the Company's existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, subject to release under certain circumstances, although, for purposes of this offering, Sealed Air Corporation (US) is a co-issuer and not a guarantor. The Issuers intend to use the net proceeds from the offering of the Notes, (i) to repurchase any or all of the Company's outstanding 2025 Notes pursuant to the Tender Offer commenced by the Company today and to pay related premiums, fees and expenses in connection therewith, and (ii) to the extent of any remaining proceeds after giving effect to the foregoing transaction, for general corporate purposes. The Tender Offer is conditioned upon, among other things, the completion of the offering of the Notes; however, the closing of the offering of the Notes is not conditioned on the consummation of the Tender Offer. If the Company purchases less than the full aggregate principal amount of the outstanding 2025 Notes, the Company intends to satisfy and discharge any remaining 2025 Notes in accordance with the terms of the indenture governing
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release, dated June 17, 2024 announcing the commencement of the Tender Offer. 99.2 Press release, dated June 17, 2024, announcing the offering of the Notes. 104 Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. SEALED AIR CORPORATION By: /s/ Dustin J. Semach Name: Dustin J. Semach Title: Interim Co-President, Co-Chief Executive Officer and Chief Financial Officer Dated: June 17, 2024