Shearman & Sterling represented Goldman Sachs & Co. LLC, as dealer manager, in connection with an abbreviated cash tender offer by Sealed Air Corporation for any and all of its outstanding 4.500% senior notes due 2023. The tender offer launched on Jan. 17, 2023, expired on Jan. 27, 2023 and settled on Feb. 1, 2023.

Sealed Air is a leading global provider of packaging solutions integrating high-performance materials, automation, equipment and services.

The Shearman & Sterling team was led by partners Michael Chernick and Stephen Gruendel (both New York – Finance) and associates Ryan Robski (Toronto – Capital Markets) and Nicolas Usandivaras (New York – Capital Markets). 

Other Shearman & Sterling lawyers advising on the transaction were partners Lorenz Haselberger (New York – Tax), and associates Andrew Meiser and Gil Shauly (both New York – Tax).

The Team