Cahill Represents Initial Purchasers in Sword Purchaser’s $1.85 Billion Multi-Currency Notes Offering

April 9, 2026

Cahill represented the initial purchasers in connection with a Rule 144A offering of $1.85 billion aggregate principal amount of (i) 8.25% senior secured notes due 2033, (ii) €525 million aggregate principal amount of 7.25% euro-denominated senior secured notes due 2033, and (iii) $500 million aggregate principal amount of 10.5% senior unsecured notes due 2034 by Sword Purchaser, LLC.

Proceeds from the offering were used for the acquisition of Sealed Air Corporation and its subsidiaries.

Sealed Air Corporation is a provider of packaging solutions that integrate sustainable, high-performance materials, automation, equipment, and services. The company designs, manufactures, and delivers packaging solutions that preserve food, protect goods, and automate packaging processes. It delivers its packaging solutions to an array of end markets including fresh proteins, foods, fluids and liquids, medical and life science, e-commerce retail, logistics and omnichannel fulfillment operations, and industrials.