Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 22

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 six months ended April 30, 2024. The restructuring activity for the six months ended April 30, 2025 consisted of $10.6 million in employee separation costs and $3.3 million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities.

14

The following is a reconciliation of the total amounts expected to be incurred from open restructuring plans or plans that are being formulated and have not been announced as of the filing date of this Form 10-Q. Remaining amounts expected to be incurred were $25.9 million as of April 30, 2025:(in millions)Total AmountsExpected tobe IncurredAmounts Incurred During the Six Months Ended April 30, 2025AmountsRemainingto be IncurredCustomized Polymer SolutionsEmployee separation costs$2.0 $1.2 $0.8 Other restructuring costs0.4 0.3 0.1 2.4 1.5 0.9 Durable Metal SolutionsEmployee separation costs3.9 1.3 $2.6 Other restructuring costs0.7 0.2 0.5 4.6 1.5 3.1 Sustainable Fiber SolutionsEmployee separation costs9.2 7.7 $1.5 Other restructuring costs22.3 2.7 19.6 31.5 10.4 21.1 Integrated SolutionsEmployee separation costs0.6 0.4 0.2 Other restructuring costs0.7 0.1 0.6 1.3 0.5 0.8 $39.8 $13.9 $25.9 

NOTE 5 — DEBT

Long-Term DebtLong-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