Reported Earlier, Sealed Air Corporation Announced That Its Previously Announced Cash Tender Offer For Any And All Of Its 5.500% Senior Notes Due 2025 Expired At 5:00 P.m. New York City Time, On June 24, 2024
Portfolio Pulse from Benzinga Newsdesk
Sealed Air Corporation announced the expiration of its cash tender offer for its 5.500% Senior Notes due 2025, which ended on June 24, 2024.
June 25, 2024 | 7:05 am
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NEUTRAL IMPACT
Sealed Air Corporation's cash tender offer for its 5.500% Senior Notes due 2025 has expired. This could impact the company's credit profile and liquidity.
The expiration of the tender offer means that Sealed Air Corporation will not be repurchasing these notes, which could affect its credit profile and liquidity. However, the overall impact on the stock price is likely neutral in the short term as this is a planned financial action.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100