- Sealed Air Corp (NYSE:SEE) has announced the pricing of its offering of 1.573% senior secured notes due 2026. The offering was upsized from $425 million of Notes to $600 million of Notes.
- Sealed Air intends to use the net proceeds from the offering to repurchase the 4.875% senior notes due 2022.
- The company estimates net proceeds from the sale of the Notes, after initial purchasers’ discounts and commissions, to be about $595 million.
- The offering is expected to close on September 29, 2021.
- Price Action: SEE shares closed higher by 0.21% at $58.27 on Wednesday.
Morgan Stanley Upgrades Vista Oil & Gas SAB to Overweight, Announces $8.5 Price Target
Morgan Stanley analyst Bruno Montanari upgrades Vista Oil & Gas SAB (NYSE:VIST) from Equal-Weight to Overweight and announces $8.5 price target.
