Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 77

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 The European RFA provides an accounts receivable financing facility of up to €100.0 million ($114.2 million as of April 30, 2025) secured by certain European accounts receivable. As of April 30, 2025, $107.0 million ($84.2 million as of October 31, 2024) was outstanding under the European RFA. The weighted average interest rate for borrowings under the European RFA was 4.01% for the six months ended April 30, 2025.

NOTE 6 — FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Recurring Fair Value MeasurementsThe following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of April 30, 2025 and October 31, 2024:April 30, 2025AssetsLiabilities(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalInterest rate derivatives$— $26.1 $— $26.1 $— $(12.7)$— $(12.7)Foreign exchange hedges— 0.7 — 0.7 — (1.4)— (1.4)Insurance annuity— — 20.0 20.0 — — — — Cross currency swap— 6.4 — 6.4 — (39.5)— (39.5)October 31, 2024AssetsLiabilities(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalInterest rate derivatives$— $40.4 $— $40.4 $— $(5.6)$— $(5.6)Foreign exchange hedges— 0.2 — 0.2 — (0.1)— (0.1)Insurance annuity— — 18.9 18.9 — — — — Cross currency swap— 17.6 — 17.6 — (6.4)— (6.4)The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of April 30, 2025 and October 31,