Company: GEF
Filing Date: 2025-02-27
Form Type: 10-Q
Source: 0000043920-25-000009
Chunk: 59

Company: GREIF, INC
Filing Date: 2025-02-27
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 SolutionsEmployee separation costs$0.7 $0.4 $0.3 Other restructuring costs0.4 0.1 0.3 1.1 0.5 0.6 Durable Metal SolutionsEmployee separation costs2.5 0.4 $2.1 Other restructuring costs0.8 0.1 0.7 3.3 0.5 2.8 Sustainable Fiber SolutionsEmployee separation costs8.3 1.1 $7.2 Other restructuring costs21.7 0.5 21.2 30.0 1.6 28.4 Integrated SolutionsEmployee separation costs0.3 0.1 0.2 Other restructuring costs1.3 — 1.3 1.6 0.1 1.5 $36.0 $2.7 $33.3 

NOTE 5 — DEBT

Long-Term DebtLong-term debt is summarized as follows:(in millions)January 31, 2025October 31, 20242022 Credit Agreement - Term Loans$1,685.4 $1,707.4 2023 Credit Agreement - Term Loan286.9 288.8 Accounts receivable credit facilities— 357.9 2022 Credit Agreement - Revolving Credit Facility552.0 373.7 Other debt— 1.3 2,524.3 2,729.1 Less: current portion95.8 95.8 Less: deferred financing costs6.3 7.1 Long-term debt, net$2,422.2 $2,626.2 Credit AgreementsThe Company and certain of its subsidiaries are parties to 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 commenced on July 31, 2022 and continue through January 31, 2027, with any outstanding principal balance of such term loan A-1 facility