Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 85

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 ratio.As of July 31, 2025, $2,320.1 million was outstanding under the 2022 and 2023 Credit Agreements. The current portion was $95.8 million, and the long-term portion was $2,224.3 million. The weighted average interest rate for borrowings under the 2022 and 2023 Credit Agreements was 5.86% for the nine months ended July 31, 2025. The actual interest rate for borrowings under the 2022 and 2023 Credit Agreements was 6.07% as of July 31, 2025. The deferred financing costs associated with the term loan portion of the 2022 and 2023 Credit Agreements totaled $5.0 million as of July 31, 2025 and are recorded as a reduction of long-term debt on the interim condensed consolidated balance sheets. The deferred financing costs associated with the revolving portion of the 2022 Credit Agreement totaled $1.7 million as of July 31, 2025 and are recorded within other long-term assets on the interim condensed consolidated balance sheets.Short-Term DebtShort-term debt is summarized as follows:(in millions)July 31, 2025October 31, 2024Accounts receivable credit facilities386.6 — Other debt15.3 18.6 401.9 18.6 

18

Accounts Receivable Credit FacilitiesGreif Receivables Funding LLC (“Greif Funding”), Greif Packaging, and certain other U.S. subsidiaries of the Company are parties to an amended and restated U.S. Receivables Financing Facility Agreement (the “U.S. RFA”). On May 16, 2025, the maturity date of the U.S. RFA was extended to May 15, 2026. The U.S. RFA provides an accounts receivable financing facility of $290.0 million. As of July 31, 2025, there was a $284.3 million ($273.7 million as of October 31, 2024) outstanding under the U.S. RFA. The weighted average interest rate for borrowings under the U.S. RFA was 5.48% for the nine months ended July 31, 2025. The deferred financing costs associated with the U.S. RFA totaled $0.1 million as of July 31, 2025 and are recorded as a