Sealed Air Corp., founded in 1960 and headquartered in Charlotte, North Carolina, is a leading global provider of packaging solutions, specializing in protecting goods during shipment and storage. The company's widely recognized brands include Bubble Wrap® and Cryovac®, which cater to diverse industries such as food, e-commerce, and healthcare.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Sealed Air Corp. has a history of bond issuances dating back to 2005, with notable issues including a $750 million senior unsecured bond in 2020, which was utilized to refinance existing debt. As of October 2023, the company’s current bond yields are competitive within the packaging sector, generally ranging between 3% and 4% depending on the maturity date. A key feature of some of Sealed Air's recent bonds includes call options, allowing the issuer to repurchase bonds prior to maturity under specific conditions, providing financial flexibility amid changing market conditions.