secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0000043920-22-000018
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 2.04, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392022000018/0000043920-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392022000018/gef-20220304.htm
  HTML page:      https://secwatch.observer/filing/0000043920-22-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer