---
schema_version: "secwatch.filing_event.v1"
accession: "0000043920-24-000018"
form_type: "8-K"
ticker: "GEF"
cik: "0000043920"
company_name: "GREIF, INC"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:27:42.541116+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Greif completes $576M acquisition of Ipackchem, funds via $300M term loan

## Summary
- Acquired Ipackchem for cash consideration of $538M plus $38M ticking fee and adjustments, totaling ~$576M.
- Funded via $300M incremental term A-4 loan (maturing 2027, amortizing 2.5% annually) and existing credit facility.
- Expects immediate EBITDA margin accretion and $7M in targeted synergies from integration.
- Ipackchem, with ~1,400 employees, will be reported within Greif's Global Industrial Packaging segment.
- FY24 guidance for Ipackchem ownership period to be provided in Q2 2024 earnings release.

## SEC filing metadata
- accession: 0000043920-24-000018
- form_type: 8-K
- ticker: GEF
- cik: 0000043920
- company_name: GREIF, INC
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43920/000004392024000018/0000043920-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43920/000004392024000018/gef-20240327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000043920-24-000018
- JSON: https://secwatch.observer/filing/0000043920-24-000018.json
- Plain text: https://secwatch.observer/filing/0000043920-24-000018.txt

## Key facts
- Debt Financings
  GREIF, INC incurred term loan of $300.0 million incremental term A-4 loan with a syndicate of financial institutions, as lenders, Wells Fargo Securities, LLC, as lead arranger, and JPMorgan Chase Bank, as administrative agent maturing March 1, 2027.
  - Instrument: term loan
  - Principal: $300.0 million incremental term A-4 loan
  - Counterparty: a syndicate of financial institutions, as lenders, Wells Fargo Securities, LLC, as lead arranger, and JPMorgan Chase Bank, as administrative agent
  - Maturity: March 1, 2027
  - Event: incurrence
  source text: On March 25, 2024, the Company, as borrower, entered into an Incremental Term A-4 Loan Agreement under the 2022 Credit Agreement (the “Incremental Term A-4 Loan Agreement”) with a syndicate of financial institutions, as lenders, Wells Fargo Securities, LLC, as lead arranger, and JPMorgan Chase Bank, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392024000018/0000043920-24-000018-index.htm
- Material Agreements
  GREIF, INC amended Incremental Term A-4 Loan Agreement with a syndicate of financial institutions, as lenders, Wells Fargo Securities, LLC, as lead arranger, and JPMorgan Chase Bank, as administrative agent valued at $300.0 million (effective 2024-03-25).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: a syndicate of financial institutions, as lenders, Wells Fargo Securities, LLC, as lead arranger, and JPMorgan Chase Bank, as administrative agent
  - Value: $300.0 million
  - Effective: 2024-03-25
  source text: On March 25, 2024, the Company, as borrower, entered into an Incremental Term A-4 Loan Agreement under the 2022 Credit Agreement (the “Incremental Term A-4 Loan Agreement”) with a syndicate of financial institutions, as lenders, Wells Fargo Securities, LLC, as lead arranger, and JPMorgan Chase Bank, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392024000018/0000043920-24-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.