Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 61

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 61
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Accounts Receivable Credit Facilities

We have a $200.0 million U.S. Receivables Financing Facility Agreement (the “U.S. RFA”) that matures on May 15, 2026. As of September 30, 2025, there was a $179.7 million ($273.7 million as of October 31, 2024) outstanding balance under the U.S. RFA. The U.S. RFA also contains events of default and covenants that are substantially the same as the covenants under the 2022 Credit Agreement. As of September 30, 2025, we were in compliance with these covenants. Proceeds of the U.S. RFA are available for working capital and general corporate purposes.

We have a €100.0 million ($117.0 million as of September 30, 2025) European Receivables Financing Agreement (the “European RFA”) that matures on April 21, 2026. As of September 30, 2025, there was a $95.3 million ($84.2 million as of October 31, 2024) outstanding balance under the European RFA. As of September 30, 2025, we were in compliance with the covenants that relate to the European RFA. Proceeds of the European RFA are available for working capital and general corporate purposes.

See Note 5 of the Notes to Consolidated Financial Statements included in Item 8 of this Form 10-KT for additional information regarding our financial obligations.

### Financial Instruments

#### Interest Rate Derivatives
As of September 30, 2025, we have various interest rate swaps with a total notional amount of $562.5 million ($1,400.0 million as of October 31, 2024), amortizing down over the term, in which we receive variable interest rate payments based on SOFR and in return are obligated to pay interest at a weighted average fixed interest rate of 1.87%. These derivatives are designated as cash flow hedges for accounting purposes and will mature between March 1, 2027 and July 16, 2029.

Accordingly, the gain or loss on these derivative instruments are reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transactions and in the same period during which the hedged transaction affects earnings.

During the year ended September 30,