Greif enters $300M senior secured term loan facility with CoBank, maturing May 2028

GREIF, INC

New $300M term loan with CoBank used to repay a portion of existing 2022 credit agreement.
Quarterly principal installments begin July 31, 2023; final maturity May 17, 2028.
Interest is SOFR plus spread; financial covenants: leverage ≤ 4.00x, interest coverage ≥ 3.00x.
Obligations guaranteed by certain domestic subsidiaries and secured pari passu with existing facility.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GREIF, INC entered into New Credit Agreement with CoBank, ACB valued at $300.0 million (effective 2023-05-17).

Action: entry
Agreement: credit facility
Counterparty: CoBank, ACB
Value: $300.0 million
Effective: 2023-05-17

Exact text from the filing

Greif, Inc. (the “Company”) and Greif Packaging LLC (“GP”), as borrower, entered into a new $300.0 million senior secured credit agreement (the “New Credit Agreement”) with CoBank, ACB who acted as lender and is acting as administrative agent of the New Credit Agreement (“CoBank”).

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162 material agreements filed in the last 30 days. Browse all material agreements →

GREIF, INC filing history →

Source: SEC EDGAR

accession 0000043920-23-000023

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