SEE Announces Results of Early Tender for 5.25% Senior Notes Due 2023
The Company expects to determine the pricing terms of the tender offer at
As the Company received consents from holders of greater than a majority in aggregate principal amount of the outstanding 2023 Notes, the Company, the guarantors thereto and
After the Expiration Time, the Company intends to notify the Trustee that it will satisfy and discharge the 2023 Notes that remain outstanding.
This press release is not an offer to purchase or a solicitation of an offer to sell any securities, including the 2023 Notes. The tender offer is only being made pursuant to the terms of the offer to purchase and consent solicitation statement, dated
The complete terms and conditions of the tender offer are set forth in the Statement that has been sent to holders of the 2023 Notes. Holders are urged to read the tender offer documents carefully before making any decision with respect to the tender offer and consent solicitation. Holders of 2023 Notes must make their own decisions as to whether to tender their 2023 Notes and provide the related consents, and if they decide to do so, the principal amount of the 2023 Notes to tender.
Holders may obtain copies of the Statement from the Depositary and Information Agent for the tender offer,
None of the Company, its affiliates, their respective board of directors, the Dealer Manager and Solicitation Agent, the trustee of the 2023 Notes, the Depositary Agent and Information Agent or any other person makes any recommendation as to whether holders of 2023 Notes should tender their 2023 Notes or provide the related consents, and no one has been authorized to make such a recommendation.
Our globally recognized brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® brand packaging, and SEE™ Touchless Automation™ solutions.
SEE serves customers in 114 countries/territories.
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition, results of operations or cash flows. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as “anticipate,” “believe,” “plan,” “assume,” “could,” “should,” “estimate,” “expect,” “intend,” “potential,” “seek,” “predict,” “may,” “will” and similar references to future periods. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, expectations regarding the results of restructuring and other programs, anticipated levels of capital expenditures and expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings.
The following are important factors that we believe could cause actual results to differ materially from those in our forward-looking statements: global economic and political conditions, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, consumer preferences, the effects of animal and food-related health issues, the effects of epidemics or pandemics, including the Coronavirus Disease 2019 (COVID-19), negative impacts related to the ongoing conflict between