Sealed Air Corp. has raised $1.5 billion through a two-part sale of senior unsecured notes, Reuters reports. The $750 million notes sold in the first tranche carry a coupon rate of 8.125 percent and are due to mature on Sept.15, 2019. The other $750 million notes sold in the second piece carry a coupon rate of 8.375 percent and are scheduled to mature on Sept.15, 2021. The maker of packaging materials, systems and equipment appointed Citigroup, Bank of America Corp., Morgan Stanley, RBS, BNP Paribas, and Credit Agricole Group joint book runners for the deal.
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