Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 139

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 2
Chunk 139
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 for the Ipackchem Acquisition.

Financial Obligations

Long-Term Debt

Long-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, net$2,290.9 $2,626.2 

2022 Credit Agreement

We have a senior secured credit agreement (the “2022 Credit Agreement”) with a syndicate of financial institutions.

The 2022 Credit Agreement provides for (a) an $800.0 million secured revolving credit facility, consisting of a $725.0 million multicurrency facility and a $75.0 million U.S. dollar facility, maturing on March 1, 2027, (b) a $1,100.0 million secured term loan A-1 facility with quarterly principal installments that continue through January 31, 2027, with any outstanding principal balance of such term loan A-1 facility being due and payable on maturity on March 1, 2027, (c) a $515.0 million secured term loan A-2 facility with quarterly principal installments that continue through January 31, 2027, with any outstanding principal balance of such term loan A-2 being due and payable on maturity on March 1, 2027, and (d) as further described below, a $300.0 million incremental secured term loan A-4 facility with quarterly principal installments that continue through January 31, 2027, with any outstanding principal balance of such term loan A-4 being due and payable on maturity on March 1, 2027. Subject to the terms of the 2022 Credit Agreement, the Company has an option to borrow additional funds under the 2022 Credit Agreement with the agreement of the lenders.

We have an incremental term loan agreement (the “Incremental Term Loan A-4 Agreement”) with a syndicate of financial institutions. The Incremental Term