Greif enters $2.415B new credit facilities, elects two new directors

GREIF, INC

New $800M revolver, $1.1B term A-1, $515M term A-2, maturing Mar 1, 2027.
Borrowings used to redeem $500M Senior Notes due 2027 and repay Prior Credit Agreement.
Leverage ratio covenant ≤4.00x (with step-ups); interest coverage ≥3.00x.
Elected Karen Morrison (OhioHealth Foundation President) and Kim Scott (CEO of Aramark Uniform Services) to Board.
Board size fixed at 11; all ten incumbent directors reelected at annual meeting.

item 1.01 item 1.02 item 2.03 item 2.04 item 5.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Karen Morrison

Director

GEF · GREIF, INC

Effective: 2022-03-01
Filed: March 4, 2022, 6:59 PM ET

elected Karen Morrison as a director to fill the newly created vacancy on the Board.

Appointed

Kim Scott

Director

GEF · GREIF, INC

Effective: 2022-03-01
Filed: March 4, 2022, 6:59 PM ET

The press release announcing Ms. Morrison’s election as director, along with the election of Kim Scott, is attached as Exhibit 99.1.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Karen Morrison was elected as Director at GREIF, INC.

Action: elected
Role: Director

Exact text from the filing

elected Karen Morrison as a director to fill the newly created vacancy on the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kim Scott was elected as Director at GREIF, INC.

Action: elected
Role: Director

Exact text from the filing

The press release announcing Ms. Morrison’s election as director, along with the election of Kim Scott, is attached as Exhibit 99.1.

View on SEC.gov

GREIF, INC filing history →

Source: SEC EDGAR

accession 0000043920-22-000018

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