Sealed Air Announces Secondary Offering by Selling Stockholder
2012-11-13 22:44:58 -
ELMWOOD PARK, N.J., Tuesday, November 13, 2012 - Sealed Air Corporation ("Sealed
Air") (NYSE: SEE) today announced that Commercial Markets Holdco, LLC, an
affiliate of S.C. Johnson & Son, Inc., has agreed to sell 15,026,665 shares of
its common stock in an underwritten offering. The Company will not sell any
shares in the offering and will not receive any proceeds from the offering.
The shares will be offered pursuant to an automatically effective registration
statement previously filed with the Securities and Exchange Commission. A
prospectus supplement relating to the offering will be filed with the Securities
and Exchange Commission. Copies of the prospectus supplement and the
accompanying prospectus when available may be obtained from Barclays Capital
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717, Email: Barclaysprospectus@broadridge.com, (888) 603-5847.
Barclays will act as sole underwriter for the offering.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities nor will there be any sale of these securities in
any state or other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such state or other jurisdiction. The offering of these securities will be
made only by means of the prospectus supplement and the accompanying
prospectus.
Business
Sealed Air is a global leader in food safety and security, facility hygiene and
product protection. With widely recognized and inventive brands such as Bubble
Wrap(®) brand cushioning, Cryovac(®) brand food packaging solutions and
Diversey(TM) brand cleaning and hygiene solutions, Sealed Air offers efficient
and sustainable solutions that create business value for customers, enhance the
quality of life for consumers and provide a cleaner and healthier environment
for future generations. On a pro forma basis, Sealed Air generated revenue of
$8.1 billion in 2011, and has approximately 26,300 employees who serve customers
in 175 countries.
Forward-Looking Statements
Company statements in this press release may be "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995
concerning our business, consolidated financial condition and results of
operations. These statements include comments as to future events that may
affect the Company, which are based upon management's current expectations and
are subject to uncertainties, many of which are outside the Company's control.
Forward-looking statements can be identified by such words as "anticipates,"
"expects," "believes," "plan," "could,"
"estimate," "will" and similar
expressions. A variety of factors may cause actual results to differ materially
from these expectations, including: economic conditions affecting packaging
utilization; changes in raw material costs; currency translation effects; and
legal proceedings. For more extensive information, see "Risk Factors" and
"Cautionary Notice Regarding Forward-Looking Statements," which appear in our
most recent Annual Report on Form 10-K, as may be revised and updated from time
to time by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K,
as filed with the Securities and Exchange Commission. These reports are
available on the Securities and Exchange Commission's website. Sealed Air does
not undertake any obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such statement is
made or to reflect the occurrence of unanticipated events.
Contact
Amanda Butler
Executive Director of Investor Relations
201-791-7600
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sealed Air Corporation via Thomson Reuters ONE
[HUG#1657654]
