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New Issue-Sealed Air Corp. sells $1.5 bln notes in 2 parts
September 16, 2011 / 9:56 PM / in 6 years

New Issue-Sealed Air Corp. sells $1.5 bln notes in 2 parts

  Sept 16 (Reuters) - Sealed Air Corporation (SEE.N) on Friday sold $1.5 billion of two-part senior unsecured notes in the 144a private placement market, said IFR, a Thomson Reuters service.
 Citigroup, Bank of America, Morgan Stanley, RBS, BNP Paribas, and Credit Agricole were the joint bookrunning managers for the sale. BORROWER: SEALED AIR CORPORATION TRANCHE 1 AMT $750 MLN      COUPON 8.125 PCT    MATURITY 9/15/2019  TYPE SR NTS       ISS PRICE 100       FIRST PAY 3/15/2012 MOODY‘S B1        YIELD 8.125 PCT     SETTLEMENT 10/3/2011 S&P DOUBLE-B      SPREAD 605 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS TRANCHE 2 AMT $750 MLN      COUPON 8.375 PCT    MATURITY 9/15/2021  TYPE SR NTS       ISS PRICE 100       FIRST PAY 3/15/2012 MOODY‘S B1        YIELD 8.375 PCT     SETTLEMENT 10/3/2011 S&P DOUBLE-B      SPREAD 630 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS   

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