Sealed Air Corp. (SEE) said that it has completed a new €150 million senior unsecured European revolving credit facility due July 2012.
The company expects this facility to replace its A$170 million revolving credit facility due March 2010.
The new facility is available for general corporate purposes and contains other terms and conditions that are substantially the same as those contained in its existing senior unsecured revolving credit facility.
The company did not draw funds under the new European facility at closing. Excluding the ANZ facility, the company now has about $775 million of funds available from a combination of committed lines of credit and its accounts receivable securitization program.
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