<div><div>Sealed Air completed a broad cleanup of its pre-merger capital structure at closing, repaying its syndicated credit facility, redeeming six series of senior notes, and terminating two receivables securitization programs. The syndicated facility led by Bank of America was fully repaid and terminated. The company also redeemed or satisfied and discharged its 2026, 2027, 2028, 2029, 2031, and 2032 senior notes. Additionally, Sealed Air repaid all indebtedness under receivables financing arrangements with Rabobank London and Credit Agricole Corporate and Investment Bank. These actions simplify the balance sheet and align financing with the company’s new ownership.Agreement 1: Sealed Air Terminates Syndicated Credit Facility Led by Bank of America Following Merger<ul><li>Agreement terminated: Syndicated credit facility</li><li>Counterparty: Bank of America, as agent, and other lenders</li><li>Original agreement date: Oct 31 2025</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger and simplified capital structure</li></ul>Agreement 2: Sealed Air Redeems 1.573% Senior Notes Due 2026 at Merger Close<ul><li>Agreement terminated: 1.573% Senior Notes due 2026</li><li>Counterparty: Holders of the notes</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger; discharged outstanding notes</li></ul>Agreement 3: Sealed Air Retires 4.000% Senior Notes Due 2027 Concurrent With Merger<ul><li>Agreement terminated: 4.000% Senior Notes due 2027</li><li>Counterparty: Holders of the notes</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger; discharged outstanding notes</li></ul>Agreement 4: Sealed Air Retires 6.125% Senior Notes Due 2028 as Part of Debt Clean-Up<ul><li>Agreement terminated: 6.125% Senior Notes due 2028</li><li>Counterparty: Holders of the notes</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger; discharged outstanding notes</li></ul>Agreement 5: Sealed Air Pays Off 5.000% Senior Notes Due 2029 at Closing<ul><li>Agreement terminated: 5.000% Senior Notes due 2029</li><li>Counterparty: Holders of the notes</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger; discharged outstanding notes</li></ul>Agreement 6: Sealed Air Retires 7.250% Senior Notes Due 2031 Following Change of Control<ul><li>Agreement terminated: 7.250% Senior Notes due 2031</li><li>Counterparty: Holders of the notes</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger; discharged outstanding notes</li></ul>Agreement 7: Sealed Air Retires 6.500% Senior Notes Due 2032 in Full at Merger Close<ul><li>Agreement terminated: 6.500% Senior Notes due 2032</li><li>Counterparty: Holders of the notes</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger; discharged outstanding notes</li></ul>Agreement 8: Sealed Air Repays Receivables Loan With Rabobank London, Ending Securitization<ul><li>Agreement terminated: Amended and Restated Receivables Loan Agreement</li><li>Counterparty: Rabobank London, as administrative and funding agent</li><li>Original agreement date: Dec 02 2021</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger; unwound receivables securitization</li></ul>Agreement 9: Sealed Air Ends Receivables Purchase Program With CACIB and Rabobank<ul><li>Agreement terminated: Ninth Amended and Restated Receivables Purchase Agreement</li><li>Counterparty: Credit Agricole Corporate and Investment Bank and Rabobank</li><li>Original agreement date: Dec 12 2025</li><li>Termination date: Apr 09 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Closed merger; unwound receivables securitization</li></ul>Original SEC Filing: SEALED AIR CORP/DE [ SEE ] - 8-K - Apr. 09, 2026<section>Disclaimer<div>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</div></section></div></div>

Sealed Air has completed a significant restructuring of its capital following a merger. The company repaid its syndicated credit facility led by Bank of America, redeemed six series of senior notes due between 2026 and 2032, and terminated two receivables securitization programs. These actions aim to simplify the balance sheet and align financing with the new ownership structure. The transactions were executed on April 9, 2026, as part of the merger's closing process.

Sealed Air Repays Credit Facility, Redeems Six Note Issues and Ends Securitizations After Merger