Sealed Air Corporation announced the total consideration relating to its previously announced cash tender offer for any and all of its 5.500% Senior Notes due 2025 is $998.77 for each $1,000 principal amount of the Notes validly tendered and not validly withdrawn and accepted for purchase pursuant to the Tender Offer. The Total Consideration was determined in the manner described in the Offer to Purchase, dated June 17, 2024 (the Offer to Purchase), by reference to a fixed spread of 50 basis points plus the yield to maturity of 5.133% based on the bid-side price of the reference security (2.875% due June 15, 2025), as quoted on the Bloomberg Bond Trader PX3 page as of 2:00 p.m., New York City time, today. In addition to the Total Consideration, SEE will also pay accrued and unpaid interest on Notes purchased up to, but not including, June 28, 2024, which is the expected settlement date (the Settlement Date) of the Tender Offer.

For the avoidance of doubt, accrued interest will cease to accrue on the Settlement Date for all Notes accepted for purchase in the Tender Offer, including Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase. The Tender Offer is being made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the Offer Documents). The Tender Offer will expire on June 24, 2024 at 5:00 p.m., New York City time, unless extended or earlier terminated by SEE.

SEE has retained J.P. Morgan Securities LLC to act as exclusive Dealer Manager. Global Bondholder Services Corporation has been retained to serve as both the depositary and the information agent (the Depositary and Information Agent) for the Tender Offer.