GREIF, INC (GEF): debt financing — Greif replaces $275M receivables facility with new $200M facility; PNC replaces Bank of America

GREIF, INC

Fourth Amended TAA provides $200M receivables facility, down from $275M under Existing TAA with Bank of America.
Old facility terminated May 11, 2026 with mutual consent; no material early termination penalty.
New facility matures May 11, 2027, bears interest at SOFR plus margin; variable rate.
Proceeds used to pay off old facility; remaining for working capital and general corporate purposes.
Greif guarantees performance of subsidiaries but not collectability of receivables.

item 1.01 item 1.02 item 2.03 item 10.1 item 2.04 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GREIF, INC incurred debt of $200 million with PNC Bank, National Association at variable rate based on the secured overnight financing rate administered by the maturing May 11, 2027.

Principal: $200 million
Counterparty: PNC Bank, National Association
Rate: variable rate based on the secured overnight financing rate administered by the
Maturity: May 11, 2027
Event: incurrence

Exact text from the filing

subsidiaries of the Company entered into a Fourth Amended and Restated Transfer and Administration Agreement, dated as of May 11, 2026 (the “Fourth Amended TAA”), with PNC Bank, National Association (“PNC”), as the agent, managing agent, administrator and committed investor, and various investor groups, managing agents, and administrators, from time to time parties thereto.

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

GREIF, INC terminated Third Amended and Restated Transfer and Administration Agreement with Bank of America, N.A. (effective 2026-05-11).

Action: termination
Agreement: credit facility
Counterparty: Bank of America, N.A.
Effective: 2026-05-11

Exact text from the filing

On May 11, 2026, the obligations outstanding under the Existing TAA were satisfied by the assignment to and assumption of such obligations by the Receivables Facility, and the Existing TAA was terminated as of that date.

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

GREIF, INC amended Fourth Amended and Restated Transfer and Administration Agreement with PNC Bank, National Association valued at $200 million (effective 2026-05-11).

Action: amendment
Agreement: credit facility
Counterparty: PNC Bank, National Association
Value: $200 million
Effective: 2026-05-11

Exact text from the filing

On May 11, 2026, certain U.S. subsidiaries of Greif, Inc. (the “Company”) amended and restated the existing receivables financing facility (the “Receivables Facility”). Greif Receivables Funding LLC (“Greif Funding”), Greif Packaging LLC (“Greif Packaging”), for itself and as servicer, and certain other U.S. subsidiaries of the Company entered into a Fourth Amended and Restated Transfer and Administration Agreement, dated as of May 11, 2026 (the “Fourth Amended TAA”), with PNC Bank, National Association (“PNC”), as the agent, managing agent, administrator and committed investor, and various investor groups, managing agents, and administrators, from time to time parties thereto.

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58 debt financings filed in the last 30 days. Browse all debt financings →

GREIF, INC filing history →

Source: SEC EDGAR

accession 0001628280-26-035208

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