The Firm recently represented Sealed Air Corporation (“Sealed Air”) in its offering of $425 million aggregate principal amount of 4.875% Senior Notes due 2022 and $425 million aggregate principal amount of 5.125% Senior Notes due 2024. Sealed Air is using the net proceeds from the offering to repurchase all of its outstanding 8.125% Senior Notes due 2019, to pay related premiums, fees and expenses and for general corporate purposes. The notes are guaranteed by certain of Sealed Air’s wholly-owned domestic subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S.

Sealed Air is a global leader in food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, health care and industrial, commercial and consumer applications. Sealed Air has widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions. Its focus is on achieving quality sales growth through leveraging its geographic footprint, technological know-how and leading market positions to bring measurable, sustainable value to its customers, employees and investors. Sealed Air generated revenue of approximately $7.7 billion in 2013, and has approximately 25,000 employees who serve customers in 175 countries.

The Simpson Thacher team for the transaction included Risë Norman, Sung Bum Cho and Joongwon Park (Capital Markets); Adam Shapiro (Credit); Rob Holo and Michael Badain (Tax); Jeanne Annarumma and Brittany McCants (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); and Samantha Himelman (Intellectual Property).