Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 110

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 capital expenditures.

During the first six months of 2025, we received $22.5 million proceeds from a cash settlement of certain cross-currency swap contracts, of which $11.5 million related to cross-currency swap contracts designated as net investment hedges and $11.0 million related to cross-currency swap contracts designated as cash flow hedges.

During the first six months of 2024, we paid $567.6 million for purchases of businesses, net of cash acquired, primarily for the Ipackchem Acquisition.

Financing Activities

During the first six months of 2025 and 2024, we paid cash dividends to our stockholders in the amount of $62.4 million and $59.7 million, respectively.

During the first six months of 2025 and 2024, we borrowed $25.4 million and $670.3 million of debt, net of payments, respectively. The 2024 borrowing was primarily for the Ipackchem Acquisition.

Financial Obligations

Long-Term Debt

Long-term debt is summarized as follows:

(in millions)April 30,2025October 31,20242022 Credit Agreement - Term Loans$1,663.4 $1,707.4 2023 Credit Agreement - Term Loan285.0 288.8 Accounts receivable credit facilities— 357.9 2022 Credit Agreement - Revolving Credit Facility443.9 373.7 Other debt— 1.3 2,392.3 2,729.1 Less: current portion95.8 95.8 Less: deferred financing costs5.6 7.1 Long-term debt, net$2,290.9 $2,626.2 

2022 Credit Agreement

We have a senior secured credit agreement (the “2022 Credit Agreement”) with a syndicate of financial institutions.

The 2022 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 U.S. dollar facility, maturing on March 1, 2027, (b) a $1,100.0 million secured term loan A-1 facility with quarterly principal installments that continue through January 31, 2027, with any outstanding principal balance of such term loan A-1 facility being due and payable on maturity on March