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17 Apr 2026

Debevoise Advises CD&R on Financing and Antitrust in $10.3 Billion Acquisition of Sealed Air

"Debevoise & Plimpton LLP advised Clayton, Dubilier & Rice (CD&R) on the financing and competition aspects of its $10.3 billion acquisition of Sealed Air Corporation. The financing package included term loans, a $1.4 billion revolver, €/US dollar senior secured notes and $500 million of senior unsecured notes."

Debevoise & Plimpton LLP advised Clayton, Dubilier & Rice (CD&R) on the financing and competition aspects of its $10.3 billion acquisition of Sealed Air Corporation, the global provider of food and protective packaging solutions. The transaction comprised the $10.3 billion acquisition of Sealed Air. The financing package supporting the acquisition included: (i) $3,535 million and €650 million in term loan facilities; (ii) a $1,400 million revolving credit facility; (iii) the issuance of $1,850 million and €525 million of senior secured notes; and (iv) the issuance of $500 million of senior unsecured notes. Debevoise & Plimpton LLP represented CD&R with a team composed by: finance partners Brett Novick, Scott Selinger and Gregg Young; capital markets partner Steven Slutzky and capital markets associates Chris Gallucci, Zhenya Lebedev, Paul Lowry, Eleanor Neilson and Fleur Oostwal, supported by law clerk Hannah Wolfe; antitrust partner Timothy McIver, antitrust counsel Anne‑Mette Heemsoth and antitrust associates Lina Hamidou and Talia Lorch; finance associates David Ataide, Ilya Balabanovsky, Dara Liss, Jessica Liss, Timothy Shin and Adam Silverwood, and law clerk Noah Schaffir; tax partners Michael Bolotin and Erin Cleary, tax associate Samana Bhatta and law clerk Elaine Xie; investment management partners Jonathan Adler and Jason Auerbach, counsel Jihyun Yoo and associates Dina Herzig, Carly Hill, Michael Keene, Thomas Rose and Christopher Ziac; IP and technology transactions partner Henry Lebowitz, associate Siena Stanislaus, Sabine Violetta Kobienia and Chaim Lapp; and banking counsel Emilie Hsu.
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