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The Firm recently represented Sealed Air Corporation (“Sealed Air”) in its offering of $425 million aggregate principal amount of 5.25% Senior Notes due 2023. Sealed Air is using the net proceeds from the offering, along with cash on hand, to repurchase and satisfy and discharge all of its outstanding 7.875% Senior Notes due 2017. The notes are guaranteed by certain of Sealed Air’s wholly-owned domestic subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S.

Sealed Air is a global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap^® brand cushioning, Cryovac^® brand food packaging solutions and Diversey^TM brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations. Sealed Air generated revenue of approximately $7.6 billion in 2012, and has approximately 25,000 employees who serve customers in 175 countries.

The Simpson Thacher team for the transaction included Risë Norman, Xavier Kowalski, Jo Djekovic and Miles Chan (Capital Markets), Adam Wells (Tax) and Adeeb Fadil and Noreen Lavan (Environmental).