GREIF, INC terminated Third Amended and Restated Transfer and Administration Agreement with Bank of America, N.A. (effective 2026-05-11).
“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.”
Material Agreements
GREIF, INC amended Fourth Amended and Restated Transfer and Administration Agreement with PNC Bank, National Association valued at $200 million (effective 2026-05-11).
“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.”
Debt Financings
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.
“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.”
Earnings Releases
GREIF, INC reported second quarter ended March 31, 2026 results: net income Net income (1) decreased 32.3% to $12.6 million, EPS $0.22 per diluted Class A share.
“the third quarter of 2025. Unless otherwise noted, the discussions and disclosure tables throughout this press release relate only to our continuing operations. Effective October 1, 2025, our Integrated Solutions reportable segment was renamed Innovative Closure Solutions. Additionally, activities related to the purchase and sale of recycled fiber and the”
Material Agreements
GREIF, INC terminated Prior FCS Credit Agreement with CoBank, ACB valued at Replaced in its entirety by the New FCS Credit Agreement. (effective 2026-02-27).
“New FCS Credit Agreement Also on February 27, 2026, the Company and Greif Packaging LLC (“GP”), as borrower, entered into a new $400.0 million amended and restated senior secured credit agreement (the “New FCS Credit Agreement”) with CoBank, ACB, who acted as lender and is acting as administrative agent of the New FCS Credit Agreement (“CoBank”).”
Material Agreements
GREIF, INC terminated Prior Credit Agreement with JPMorgan Chase Bank, N.A. valued at Replaced in its entirety by the New Credit Agreement. (effective 2026-02-27).
“(the “Company”), Greif Packaging LLC, Greif International Holding B.V., and Greif Beheer B.V., as borrowers, entered into the third amended and restated senior secured credit agreement (the “New Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and the other financial institutions party thereto.”
Material Agreements
GREIF, INC entered into Amended and Restated Senior Secured Credit Agreement with CoBank, ACB valued at Provides for a $400.0 million secured term loan facility with quarterly installments maturing on Jan (effective 2026-02-27).
“Also on February 27, 2026, the Company and Greif Packaging LLC (“GP”), as borrower, entered into a new $400.0 million amended and restated senior secured credit agreement (the “New FCS Credit Agreement”) with CoBank, ACB, who acted as lender and is acting as administrative agent of the New FCS Credit Agreement (“CoBank”).”
Material Agreements
GREIF, INC entered into Third Amended and Restated Senior Secured Credit Agreement with JPMorgan Chase Bank, N.A. valued at Provides for an $800.0 million secured revolving credit facility ($725.0 million multicurrency and $ (effective 2026-02-27).
“On February 27, 2026, Greif, Inc. (the “Company”), Greif Packaging LLC, Greif International Holding B.V., and Greif Beheer B.V., as borrowers, entered into the third amended and restated senior secured credit agreement (the “New Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and the other financial institutions party thereto.”
Debt Financings
GREIF, INC incurred term loan of $400.0 million with CoBank, ACB maturing January 31, 2031.
“The New FCS Credit Agreement provides for a $400.0 million secured term loan facility with quarterly principal installments commencing on June 30, 2026 and continuing through January 31, 2031”
Debt Financings
GREIF, INC incurred term loan of $100.0 million with JPMorgan Chase Bank, N.A. maturing February 27, 2031.
“and (b) a $100.0 million secured term loan A-1 facility with quarterly principal installments commencing on June 30, 2026 and continuing through December 31, 2030, with any outstanding principal balance of such term loan A-1 facility being due and payable on maturity on February 27, 2031”
Debt Financings
GREIF, INC incurred revolving credit of $800.0 million with JPMorgan Chase Bank, N.A. maturing February 27, 2031.
“The New Credit Agreement provides for (a) an $800.0 million secured revolving credit facility, consisting of a $725.0 million multicurrency facility and a $75.0 million facility, maturing on February 27, 2031”
M&A Transactions
GREIF, INC completed a disposition involving Packaging Corporation of America for $1.8 billion (closed 2025-08-31).
“interests in those subsidiaries of the Company that directly owned the Containerboard Business on the date of closing. The purchase price for the Containerboard Business was $1.8 billion, subject to certain adjustments as set forth in the Agreement. The amount of the purchase price was determined by arms-length negotiations between the parties. Other than in”
Vicki Avril-Groves departed as Director at GREIF, INC.
“On October 2, 2024, Vicki Avril-Groves notified Greif, Inc. (the “Company”) that she will resign and retire from the Board of Directors of the Company, effective as of November 1, 2024.”
B. Andrew Rose was elected as Director at GREIF, INC.
“elected B. Andrew Rose as a director to fill the new vacancy on the Board.”
Jillian C. Evanko was elected as director at GREIF, INC.
“On June 3, 2024, in accordance with Article II, Section 2.1 of the By-Laws of Greif, Inc. (the "Company"), and during a regular meeting, the Company's Board of Directors (the "Board") approved a resolution to fix the number of directors of the Company at 10 and elected Jillian C. Evanko as a director to fill the new vacancy on the Board.”
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.
“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.”
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).
“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.”
Earnings Releases
GREIF, INC reported first quarter ended January 31, 2024 results: net income $67.2 million, EPS $1.17 per diluted Class A share.
“Net income of $67.2 million or $1.17 per diluted Class A share decreased compared to net income of $89.9 million or $1.54 per diluted Class A share.”
Shareholder Votes
GREIF, INC shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent auditor for fiscal year 2024 at the 2024-02-26 meeting.
“Proposal 2 To consider and vote upon the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent auditor for fiscal year 2024:”
Shareholder Votes
GREIF, INC shareholders approved Election of directors at the 2024-02-26 meeting.
“The Annual Meeting of Stockholders (the "Annual Meeting") of the Company was held on February 26, 2024. At the Annual Meeting, the holders of the Company's Class B Common Stock voted on the following proposals and cast their votes as described below. Proposal 1 To elect the following persons as directors for one-year terms: Ole G. Rosgaard, Vicki L. Avril-Groves, Bruce A. Edwards, Mark A. Emkes, John W. McNamara, Frank C. Miller, Karen A. Morrison, Robert M. Patterson and Kimberly T. Scott, the nine persons nominated by the Company’s Board of Directors.”
Earnings Releases
GREIF, INC reported fiscal year ended October 31, 2023 results: net income Net income of $359.2 million, EPS $6.15 per diluted Class A share.
“Net income of $359.2 million or $6.15 per diluted Class A share”
Earnings Releases
GREIF, INC reported fourth quarter ended October 31, 2023 results: net income Net income of $67.8 million, EPS $1.16 per diluted Class A share.
“Net income of $67.8 million or $1.16 per diluted Class A share”
Governance Changes
GREIF, INC: Adoption of amendment to By-Laws changing fiscal year end to September 30, effective first such fiscal year ending September 30, 2025 (effective 2023-12-05).
“On December 5, 2023, the Company's Board of Directors adopted an amendment to Article VI, Section 6.8 of the Company's Third Amended and Restated By-Laws that will enact a new fiscal year of the Company ending September 30, with the first such fiscal year ending September 30, 2025.”
Material Agreements
GREIF, INC entered into Put Option Letter with owners of the parent of Ipackchem Group SAS valued at Irrevocable and unconditional agreement to acquire 100% of Ipackchem securities; conditions preceden (effective 2023-10-31).
“on October 31, 2023, Greif International Holding, B.V., a Dutch company and a subsidiary of the Company (" GIH"), had entered into a material definitive agreement, namely a Put Option Letter (the " Put Option Letter "), with the owners of the parent of Ipackchem Group SAS (" Ipackchem ") regarding GIH’s proposed acquisition of Ipackchem.”
Material Agreements
GREIF, INC entered into Sale and Purchase Agreement with owners of the parent of Ipackchem Group SAS valued at Greif International Holding B.V. and Greif Packaging LLC will acquire Ipackchem Group SAS (effective 2023-11-17).
“On November 17, 2023, GIH, Greif Packaging LLC, a Delaware limited liability company and a subsidiary of the Company (" Greif Packaging "), and Sellers entered into the SPA.”
Earnings Releases
GREIF, INC reported third quarter 2023 results: net income Net income of $90.3 million or $1.55 per diluted Class A share, EPS net income of $141.8 million or $2.36 per diluted Class A share.
“Greif Reports Third Quarter 2023 Results DELAWARE, Ohio (August 30, 2023) – Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced third quarter 2023 results. Third Quarter Financial Highlights include (all results compared to the third quarter of 2022 unless otherwise noted): • Net income of $90.3 million or $1.55 per diluted Class A share decreased compared to net income of $141.8 million or $2.36 per diluted Class A share.”
Earnings Releases
GREIF, INC reported second quarter ended April 30, 2023 results: net income $111.2 million, EPS $1.90 per diluted Class A share.
“• Net income of $111.2 million or $1.90 per diluted Class A share decreased compared to net income of $125.1 million or $2.09 per diluted Class A share.”
Material Agreements
GREIF, INC entered into New Credit Agreement with CoBank, ACB valued at $300.0 million (effective 2023-05-17).
“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”).”
Earnings Releases
GREIF, INC reported first quarter ended January 31, 2023 results: net income $89.9 million, EPS $1.54 per diluted Class A share.
“Net income of $89.9 million or $1.54 per diluted Class A share”
Shareholder Votes
GREIF, INC shareholders approved Approval of colleague stock purchase plan at the 2023-02-28 meeting.
“Proposal 5 To consider and vote upon the proposal to approve the Greif, Inc. Colleague Stock Purchase Plan. PROPOSAL 005 APPROVAL OF COLLEAGUE STOCK PURCHASE PLAN *** FOR AGAINST ABSTAIN TOTAL SHARES VOTED 18,625,790 26,650 232,513”
Shareholder Votes
GREIF, INC shareholders approved Approval of amended and restated outside directors equity award plan at the 2023-02-28 meeting.
“Proposal 4 To consider and vote upon the proposal to approve amendments to the Company's 2005 Outside Directors Equity Award Plan. PROPOSAL 004 APPROVAL OF AMENDED & RESTATED OUTSIDE DIRECTORS EQUITY AWARD PLAN *** FOR AGAINST ABSTAIN TOTAL SHARES VOTED 16,033,631 2,611,669 239,653”
Shareholder Votes
GREIF, INC shareholders voted on Advisory vote on the frequency of votes on executive compensation at the 2023-02-28 meeting.
“Proposal 3 To consider and vote upon the frequency of conducting future advisory votes concerning the approval of the compensation of the Company’s named executive officers. PROPOSAL 003 ADVISORY VOTE ON THE FREQUENCY OF VOTES ON EXECUTIVE COMPENSATION *** 1 YEAR 2 YEARS 3 YEARS ABSTAIN TOTAL SHARES VOTED 8,020,760 26,049 8,725,354 1,961,127”
Shareholder Votes
GREIF, INC shareholders approved Advisory vote on approval of compensation of named executive officers at the 2023-02-28 meeting.
“Proposal 2 To consider and vote upon the following resolution concerning the compensation of the Company’s named executive officers: “Resolved, that the Class B Common Stockholders hereby approve, on an advisory basis, the compensation, as disclosed in the Compensation Discussion and Analysis section and compensation tables, as well as the other narrative executive compensation disclosures, contained in the Company’s Proxy Statement for its 2023 Annual Meeting of Stockholders (the "Proxy Statement"), of the Company’s named executive officers identified in the Proxy Statement.” PROPOSAL 002 ADVISORY VOTE ON APPROVAL OF COMPENSATION OF NAMED EXECUTIVE OFFICERS *** FOR AGAINST ABSTAIN TOTAL SHARES VOTED 18,624,889 24,348 235,716”
Shareholder Votes
GREIF, INC shareholders approved To elect the following persons as directors for one-year terms at the 2023-02-28 meeting.
“Proposal 1 To elect the following persons as directors for one-year terms Ole G. Rosgaard, Vicki L. Avril-Groves, Bruce A. Edwards, Mark A. Emkes, Daniel J. Gunsett, John W. McNamara, Frank C. Miller, Karen A. Morrison, Robert M. Patterson and Kimberly T. Scott, the ten persons nominated by the Company's Board of Directors. PROPOSAL 001 ELECTION OF DIRECTORS *** FOR WITHHELD Ole G. Rosgaard 18,865,360 19,593 Vicki L. Avril-Groves 18,762,783 122,170 Bruce A. Edwards 18,357,408 527,545 Mark A. Emkes 18,851,222 33,731 Daniel J. Gunsett 18,238,959 645,994 John W. McNamara 18,442,668 442,285 Frank C. Miller 18,808,060 76,893 Karen A. Morrison 18,872,912 12,041 Robert M. Patterson 18,818,198 66,755 Kimberly T. Scott 18,840,482 44,471”
Roel Vestjens resigned as director at GREIF, INC.
“On February 27, 2023, the Board of Directors of Greif, Inc. (the “Company”) accepted the resignation of Roel Vestjens as a director.”
Peter G. Watson retired as Executive Chairman at GREIF, INC.
“On February 1, 2023, Peter G. Watson, Executive Chairman and a Named Executive Officer of Greif, Inc. (the “Company”), retired as an employee of the Company.”
Material Agreements
GREIF, INC entered into Membership Interest Purchase Agreement with LCC Topco, Inc., LI Topco, LLC, LCIH Topco, Inc. valued at $300 million (effective 2022-11-08).
“Under the Purchase Agreement, the Sellers are selling to Buyer, and Buyer is purchasing from Sellers, all of the issued and outstanding limited liability company membership interests”
Roel Vestjens was elected as Director at GREIF, INC.
“On August 29, 2022, at the Company’s Board of Directors meeting, the Board, in accordance with Article II, Section 2.1 of the Company’s By-Laws, approved a resolution to fix the number of directors of the Company at 12 and elected Roel Vestjens as a director to fill the newly created vacancy on the Board.”
Michael J. Taylor was appointed as Vice President, Controller at GREIF, INC.
“Michael J. Taylor, age 39, has been appointed as Vice President, Controller of the Company, and in that capacity, he will serve as the Chief Accounting Officer for the Company.”
David C. Lloyd was appointed as Vice President of Finance at GREIF, INC.
“David C. Lloyd, age 52, has been appointed as Vice President of Finance, supporting the Global Industrial Packaging business.”
Kim Scott was elected as Director at GREIF, INC.
“The press release announcing Ms. Morrison’s election as director, along with the election of Kim Scott, is attached as Exhibit 99.1.”
Karen Morrison was elected as Director at GREIF, INC.
“elected Karen Morrison as a director to fill the newly created vacancy on the Board.”
Michael Cronin departed as Senior Vice President, Enterprise Strategy and Global Sourcing and Supply Chain at GREIF, INC.
“On November 2, 2021, Greif, Inc. (the “Company”) issued an announcement to employees that Michael Cronin, Senior Vice President, Enterprise Strategy and Global Sourcing and Supply Chain, will retire from the Company, effective February 1, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.