GEF-B · Greif, Inc.

Summary

Greif, Inc. entered into a Third Amended and Restated Credit Agreement on February 27, 2026, providing an $800 million revolving credit facility and $100 million term loan A-1 maturing February 27, 2031, and a New FCS Credit Agreement for a $400 million term loan maturing the same date, replacing prior credit agreements repaid in full. These facilities extend maturities, provide incremental capacity, and include financial covenants limiting leverage to 4.00:1.00 and interest coverage to 3.00:1.00.

Key takeaways

• Entered Third Amended and Restated Credit Agreement dated February 27, 2026 with JPMorgan Chase Bank, N.A. as agent
• New Credit Agreement includes $800M revolving facility ($725M multicurrency + $75M) and $100M Term Loan A-1, maturing February 27, 2031
• New FCS Credit Agreement with CoBank, ACB for $400M term loan, quarterly payments from June 30, 2026, maturing February 27, 2031
• Repaid and terminated Prior Credit Agreement (dated March 1, 2022) and Prior FCS Credit Agreement (dated May 17, 2023) on February 27, 2026
• Financial covenants: leverage ratio ≤4.00:1.00 (net of unrestricted cash), interest coverage ≥3.00:1.00
• Secured by first-priority liens on personal property, equipment, inventory, and subsidiary stock; collateral releasable upon investment grade ratings
• Used proceeds to refinance prior borrowings and for working capital, capex, acquisitions, and general corporate purposes