0001628280-26-035208
SEC filingGreif amended its receivables facility, reducing capacity from $275M to $200M, with PNC Bank as agent, and terminated the prior facility.
On May 11, 2026, Greif, Inc. amended its receivables financing facility, reducing the capacity from $275 million to $200 million. The new Fourth Amended and Restated Transfer and Administration Agreement (Fourth Amended TAA) with PNC Bank, National Association replaces the prior Third Amended TAA with Bank of America, N.A., which was terminated by mutual consent with no material early termination penalty. The facility is secured by trade receivables from Greif's U.S. businesses, including Customized Polymer Solutions, Durable Metal Solutions, Sustainable Fiber Solutions, and Innovative Closure Solutions. Proceeds were used to satisfy obligations under the prior facility and for working capital and general corporate purposes. The commitment termination date is May 11, 2027, though Greif Funding may terminate earlier on five days' notice. Greif, Inc. guarantees the performance of its subsidiaries but not the collectability of the receivables. This restructuring provides Greif with continued access to liquidity through a secured receivables facility, albeit at a lower capacity, reflecting a strategic adjustment in its financing arrangements.