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News Jun 16, 2015

Shearman & Sterling Advises on Sealed Air Corporation Notes Offering

Shearman & Sterling represented BNP Paribas and Morgan Stanley & Co. LLC as representatives of the several initial purchasers in connection with Sealed Air Corporation’s private placement of $400 million of its 5.500% Senior Notes due 2025 and €400 million of its 4.500% Senior Notes due 2023. Concurrent with the senior notes offering, the firm also advised Morgan Stanley & Co. LLC and BNP Paribas Securities Corp. as the dealer managers and Merrill Lynch, Pierce, Fenner & Smith Incorporated as the co-dealer manager on a tender offer with respect to Sealed Air’s 8.375% Senior Notes due 2021.

Sealed Air is a global leader in food safety and security, facility hygiene and product protection.

The Shearman & Sterling team included partners JD DeSantis (New York-Capital Markets), Doreen Lilienfeld (New York-Compensation, Governance & ERISA), and Douglas McFadyen (New York-Tax); counsel Jason Pratt (New York-Environmental) and Sharon Lippett (New York-Compensation, Governance & ERISA); and associates Lesley Janzen (New York-Capital Markets), Judy Fisher (New York-Tax), Jennifer Stadler (New York- Compensation, Governance & ERISA), Laura Mulry (New York-Environmental), Reed Schuster (New York-Capital Markets), Bob Xiong (New York-Capital Markets), Greg Denis (New York-Corporate) and Scott Johnsson (New York-Corporate).