Sealed Air Corporation announced that its previously announced cash tender offer (the "Tender Offer") for any and all of its 5.500% senior notes due 2025 (the "Notes") expired at 5:00 p.m. New York City time, on June 24, 2024 (the "Expiration Date"). According to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer, $277,801,000 aggregate principal amount of the Notes, or 69.45% of the aggregate principal amount outstanding, were validly tendered at or prior to the expiration of the Tender Offer and not validly withdrawn. In addition, $160,000 aggregate principal amount of the Notes were tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated June 17, 2024 (the "Offer to Purchase"), and remain subject to the applicable delivery requirements under such procedures.

The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the "Offer Documents"). The obligation of SEE to accept the Notes tendered and to pay the consideration for the Notes is subject to satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase. On June 28, 2024, which is the expected settlement date (the "Settlement Date") for the Tender Offer, SEE expects to pay for all Notes that have been validly tendered and not validly withdrawn.

Holders of Notes accepted for purchase pursuant to the Tender Offer will receive the previously announced total consideration of $998.77 for each $1,000 principal amount of the Notes plus accrued and unpaid interest on Notes purchased up to, but not including, the Settlement Date. SEE intends to satisfy and discharge any outstanding Notes that are not tendered in the Tender Offer upon the terms and conditions set forth in the indenture governing the Notes.