<div><div></div><div>Greif completed a $1.3 billion refinancing, securing a new $900 million JPMorgan-led credit package and a $400 million CoBank term loan, both maturing in 2031. Proceeds were used to repay and terminate Greif's 2022 syndicated facility and its 2023 CoBank facility. The new agreements provide expanded liquidity for working capital, capital expenditures, acquisitions and general corporate purposes, with pricing tied to leverage and a sustainability component. Collateral may be released upon achieving investment grade ratings from at least two agencies.Agreement 1: Greif Secures $900 Million Revolver and Term Loan Led by JPMorgan, Maturing 2031<ul><li>Agreement type: Secured revolving credit facility ($800m) and term loan A-1 ($100m)</li><li>Counterparty: JPMorgan Chase Bank, as administrative agent, and other lenders</li><li>Signed / Effective: Feb 27 2026 / Feb 27 2026</li><li>Duration / Termination: Through Feb 27 2031</li><li>Reason: Refinance debt and bolster liquidity for growth</li></ul>Agreement 2: Greif Adds $400 Million CoBank Term Loan Under Farm Credit System, Due 2031<ul><li>Agreement type: Secured term loan facility ($400m)</li><li>Counterparty: CoBank, as administrative agent, and Farm Credit System lenders</li><li>Signed / Effective: Feb 27 2026 / Feb 27 2026</li><li>Duration / Termination: Through Feb 27 2031</li><li>Reason: Refinance prior facilities and support liquidity needs</li></ul>Agreement 3: Greif Terminates 2022 Senior Credit Agreement After Refinancing Under New JPMorgan-Led Facility<ul><li>Agreement terminated: Senior secured credit agreement</li><li>Counterparty: JPMorgan Chase Bank, as administrative agent, and lender syndicate</li><li>Original agreement date: Mar 01 2022</li><li>Termination date: Feb 27 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Replaced by new credit agreement</li></ul>Agreement 4: Greif Ends 2023 CoBank Credit Agreement as New $400 Million Term Loan Closes<ul><li>Agreement terminated: Senior secured credit agreement</li><li>Counterparty: CoBank, as administrative agent</li><li>Original agreement date: May 17 2023</li><li>Termination date: Feb 27 2026</li><li>Termination type: Early</li><li>Exit fees / payments: N/A</li><li>Reason: Replaced by new FCS Credit Agreement</li></ul>Original SEC Filing: GREIF, INC [ GEF ] - 8-K - Mar. 05, 2026<section>Disclaimer<div>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</div></section></div></div>

Greif has successfully completed a $1.3 billion refinancing, which includes a $900 million credit package led by JPMorgan and a $400 million term loan from CoBank, both maturing in 2031. The funds will be used to repay previous debts and enhance liquidity for various corporate needs. The new agreements feature pricing linked to leverage and sustainability, with potential collateral release upon achieving investment grade ratings from two agencies. The refinancing replaces earlier credit agreements from 2022 and 2023.

Greif Completes $1.3 Billion Refinancing With New JPMorgan and CoBank Facilities, Retires Prior Debt