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Moody’s gives Sealed Air notes Ba2
Moody’s Investors Service said it assigned a Ba2 rating to Sealed Air Corp.’s new senior unsecured notes.
The affirmed Sealed Air’s ratings, including its Ba2 senior unsecured rating, on Nov. 1.
The proceeds will be used to finance the acquisition of the "bag-in-box" fluids and liquids packaging business of Liqui-Box Holdings, Inc., and to refinance the existing 4½% euro senior unsecured notes due 2023.
The outlook is stable.
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