Sealed Air considers buying back or calling some 3% convertibles

By Angela McDaniels

Tacoma, Wash., June 11 - Sealed Air Corp. may repurchase, retire or redeem a portion of its 3% convertible senior notes due 2033 with proceeds from a private offering of notes, according to a company news release.

The company will price $250 million principal amount of senior unsecured notes due 2017 in the offering.

Sealed Air is an Elmwood Park, N.J.-based manufacturer of materials and systems for protective, presentation and fresh food packaging and performance solutions in the industrial, food and consumer markets.

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