Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 23

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 restructuring activities.During the nine months ended July 31, 2025, the Company recorded restructuring charges of $26.6 million, as compared to $1.6 million of restructuring charges recorded during the nine months ended July 31, 2024. The restructuring activity for the nine months ended July 31, 2025 consisted of $17.6 million in employee separation costs and $9.0 million in other restructuring costs, primarily consisting of costs associated with site closures, professional fees and other fees associated with restructuring activities.

16

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 $30.3 million as of July 31, 2025:(in millions)Total AmountsExpected tobe IncurredAmounts Incurred During the Nine Months Ended July 31, 2025AmountsRemainingto be IncurredCustomized Polymer SolutionsEmployee separation costs$2.5 $1.7 $0.8 Other restructuring costs0.4 0.3 0.1 2.9 2.0 0.9 Durable Metal SolutionsEmployee separation costs5.8 3.7 $2.1 Other restructuring costs8.1 0.3 7.8 13.9 4.0 9.9 Sustainable Fiber SolutionsEmployee separation costs13.2 11.7 $1.5 Other restructuring costs25.2 8.2 17.0 38.4 19.9 18.5 Integrated SolutionsEmployee separation costs1.0 0.5 0.5 Other restructuring costs0.7 0.2 0.5 1.7 0.7 1.0 $56.9 $26.6 $30.3 

NOTE 5 — DEBT

Long-Term DebtLong-term debt is summarized as follows:(in millions)July 31, 2025October 31, 20242022 Credit Agreement - Term Loans$1,641.3 $1,707.4 2023 Credit Agreement - Term Loan283.1 288.8 Accounts receivable credit facilities— 357.9 2022 Credit Agreement - Revolving Credit Facility395.7 373.7