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Published on 12/17/2008 in the Prospect News Investment Grade Daily.

Sealed Air tenders for any and all 6.95% notes

By Jennifer Chiou

New York, Dec. 17 - Sealed Air Corp. announced the start of a cash tender offer for any and all of its 6.95% senior notes due 2009.

The purchase price is par plus accrued interest to the settlement date.

The offer will end at 5 p.m. ET on Dec. 24.

There is no minimum tender amount.

Citi is the dealer manager (800 558-3745), and Global Bondholder Services Corp. is the information agent (212 430-3774 or 866 540-1500).

Based in Elmwood Park, N.J., Sealed Air is a manufacturer of packaging, materials and equipment systems for food, industrial, medical and consumer applications.


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