AcquisitionsApr 9, 2026, 08:51 AM
Sealed Air Corporation Completes Merger, Becomes Wholly Owned Subsidiary of Clayton, Dubilier & Rice Affiliate
AI Summary
Sealed Air Corporation (SEE) announced the completion of its merger on April 9, 2026, with Sword Merger Sub, Inc., a wholly owned subsidiary of Sword Purchaser, LLC, an affiliate of Clayton, Dubilier & Rice, LLC. As a result of the transaction, Sealed Air Corporation will continue as the surviving corporation and operate as a wholly owned subsidiary of Parent. This strategic move transitions the packaging solutions company to private ownership, marking a significant change in its corporate structure and operational oversight. Concurrently with the merger's effective time, the company repaid all outstanding credit commitments and initiated the redemption and satisfaction of its other debt obligations.
Key Highlights
- Sealed Air Corporation (SEE) completed its merger on April 9, 2026, becoming a wholly owned subsidiary of Sword Purchaser, LLC.
- Sword Purchaser, LLC and Sword Merger Sub, Inc. are affiliates of the private equity firm Clayton, Dubilier & Rice, LLC.
- The merger was executed pursuant to an Agreement and Plan of Merger originally dated November 16, 2025.
- Upon the effective time of the merger, Sealed Air Corporation repaid all credit commitments under its Fifth Amended and Restated Syndicated Facility Agreement, dated October 31, 2025.
- The company also initiated the redemption or satisfaction and discharge in full of its other outstanding debt obligations concurrently with the merger's completion.