Sealed Air Corp Enters Material Definitive Agreement

TL;DR

Sealed Air just signed a big financial deal, details to come.

AI Summary

On June 24, 2024, Sealed Air Corporation entered into a Material Definitive Agreement related to a direct financial obligation. The filing does not specify the counterparty or the exact nature of the financial obligation, but it is classified as a significant event requiring immediate disclosure.

Why It Matters

This filing indicates a significant financial commitment or obligation for Sealed Air, which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — The nature of the financial obligation is not fully disclosed, creating uncertainty about its potential impact.

Key Players & Entities

• Sealed Air Corporation (company) — Registrant
• June 24, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001140361-24-031751.txt : 20240628 0001140361-24-031751.hdr.sgml : 20240628 20240628160554 ACCESSION NUMBER: 0001140361-24-031751 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240624 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240628 DATE AS OF CHANGE: 20240628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEALED AIR CORP/DE CENTRAL INDEX KEY: 0001012100 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 650654331 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12139 FILM NUMBER: 241085676 BUSINESS ADDRESS: STREET 1: 2415 CASCADE POINTE BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28208 BUSINESS PHONE: 980-221-3235 MAIL ADDRESS: STREET 1: 2415 CASCADE POINTE BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28208 FORMER COMPANY: FORMER CONFORMED NAME: WR GRACE & CO/DE DATE OF NAME CHANGE: 19961015 FORMER COMPANY: FORMER CONFORMED NAME: GRACE HOLDING INC DATE OF NAME CHANGE: 19960805 8-K 1 ef20031787_8k.htm 8-K false SEALED AIR CORP/DE 0001012100 0001012100 2024-06-24 2024-06-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): June 24, 2024   SEALED AIR CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 1-12139 65-0654331 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 2415 Cascade Pointe Boulevard Charlotte , North Carolina 28208 (Address of Principal Executive Offices) (Zip Code)   Registrant’s telephone number, including area code: 980 - 221-3235   Not Applicable (Former Name or Former Address, If Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered Common Stock, par value $0.10 per share   SEE   NYSE   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 Entry into a Material Definitive Agreement.   Indenture On June 28, 2024, Sealed Air Corporation (the “Company”), Sealed Air Corporation (US) (together with the Company, the “Issuers”), certain wholly owned domestic subsidiaries of the Company (the “Guarantors”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), registrar and paying agent, entered into an Indenture, d