03:30 AM EDT, 06/18/2024 (MT Newswires) -- Sealed Air ( SEE ) said late Monday it priced an offering to eligible purchasers of 6.5% senior notes due 2032.

Net proceeds, estimated to be about $396 million, will be used for the redemption of the company's outstanding 5.5% senior notes due 2025, and for general corporate purposes, the company said.

The offering is expected to close on June 28, subject to customary conditions.