Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 60

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 60
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 provides for a $300.0 million secured term loan facility with quarterly principal installments that commenced on July 31, 2023 and continue through January 31, 2028, with any outstanding principal balance of such term loan being due and payable on maturity on May 17, 2028. We used the borrowing under the 2023 Credit Agreement to repay and refinance a portion of the outstanding borrowings under the 2022 Credit Agreement. Interest accruing under the 2023 Credit Agreement is based on SOFR plus a credit spread adjustment or a base rate that resets periodically plus, in each case, a calculated margin amount that is based on our leverage ratio.

The repayment of all borrowings under the 2023 Credit Agreement is secured by a security interest in certain of our personal property and certain of the personal property of certain of our U.S. subsidiaries, including equipment and inventory and certain intangible assets, as well as a pledge of the capital stock of substantially all of our U.S. subsidiaries. However, in the event that we receive and maintain an investment grade rating from either Moody’s Investors Services, Inc. or Standard & Poor’s Financial Services LLC, we may request the release of such collateral. Our obligations under the 2023 Credit Agreement are secured on a pari passu basis with the obligations arising under the 2022 Credit Agreement.

The 2023 Credit Agreement contains covenants, including financial covenants, substantially the same as the covenants in 2022 Credit Agreement, as described above, and a “most favored lender” provision related to the 2022 Credit Agreement. As of September 30, 2025, we were in compliance with the covenants and other agreements in the 2023 Credit Agreement.

#### Short-Term Debt
Short-term debt is summarized as follows:

|                                       | (in millions) |     | September 30, 2025 |     |     | October 31, 2024 |
|:--------------------------------------|:--------------|:----|-------------------:|:----|:----|-----------------:|
| Accounts receivable credit facilities |               |     |              275.0 |     |     |                — |
| Other debt                            |               |     |               12.7 |     |     |             18.6 |
|                                       |               |     |              287.7 |     |     |             18.6 |

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#### Table