secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0000043920-23-000023
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000023/0000043920-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000023/gef-20230519.htm
  HTML page:      https://secwatch.observer/filing/0000043920-23-000023

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