---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-042427"
form_type: "8-K"
ticker: null
cik: "0001282977"
company_name: "GREENHILL & CO INC"
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:22:43.333672+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Greenhill refinances $270M term loan with Mizuho note at lower SOFR+2.25% rate

## Summary
- Entered secured promissory note with Mizuho Bank Ltd. for $276M to repay existing $270M term loan.
- Interest rate is one-month SOFR plus 2.25%, 100 bps lower than the prior credit agreement.
- Maturity date April 12, 2024, extendable to June 11, 2024 if the Mizuho merger has not closed.
- Existing credit agreement terminated; new note has no restrictive covenants but is secured.
- Merger with Mizuho at $15/share all-cash expected to close by year-end 2023, pending regulatory approvals.

## SEC filing metadata
- accession: 0001140361-23-042427
- form_type: 8-K
- cik: 0001282977
- company_name: GREENHILL & CO INC
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282977/000114036123042427/0001140361-23-042427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282977/000114036123042427/brhc20058357_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-042427
- JSON: https://secwatch.observer/filing/0001140361-23-042427.json
- Plain text: https://secwatch.observer/filing/0001140361-23-042427.txt

## Key facts
- Debt Financings
  GREENHILL & CO INC incurred loan with Mizuho Bank Ltd. at one-month SOFR plus a Term SOFR Adjustment plus 2.25% maturing April 12, 2024.
  - Instrument: loan
  - Counterparty: Mizuho Bank Ltd.
  - Rate: one-month SOFR plus a Term SOFR Adjustment plus 2.25%
  - Maturity: April 12, 2024
  - Event: incurrence
  source text: On August 31, 2023, the Company entered into a secured promissory note with Mizuho Bank Ltd., a Japanese banking corporation (the “Promissory Note”) to repay in full the Existing Term Loan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282977/000114036123042427/0001140361-23-042427-index.htm
- Material Agreements
  GREENHILL & CO INC entered into Promissory Note with Mizuho Bank Ltd. valued at $270,078,781.00 outstanding principal balance replaced by new note; interest at one-month SOFR plus (effective 2023-08-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Mizuho Bank Ltd.
  - Value: $270,078,781.00 outstanding principal balance replaced by new note; interest at one-month SOFR plus
  - Effective: 2023-08-31
  source text: On August 31, 2023, the Company entered into a secured promissory note with Mizuho Bank Ltd., a Japanese banking corporation (the "Promissory Note") to repay in full the Existing Term Loan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282977/000114036123042427/0001140361-23-042427-index.htm
- Material Agreements
  GREENHILL & CO INC terminated Existing Credit Agreement with Goldman Sachs Bank USA valued at All amounts outstanding repaid and lending commitments terminated; prior outstanding principal balan (effective 2023-08-31).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Goldman Sachs Bank USA
  - Value: All amounts outstanding repaid and lending commitments terminated; prior outstanding principal balan
  - Effective: 2023-08-31
  source text: In connection with entry into the Promissory Note, the Company elected to repay in full all amounts outstanding and terminate all lending commitments under the Existing Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282977/000114036123042427/0001140361-23-042427-index.htm

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