DELAWARE, Ohio, July 15,
2021 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a
global leader in industrial packaging products and services,
announced today that it has repaid its existing 7.375%
Euro 200 million senior notes by
drawing on the $225 million term loan
A-3 negotiated in November 2020. The
term loan matures in July 2026 and
has an interest rate of approximately 2.0%.
About Greif, Inc.
Greif is a global leader in industrial packaging products and
services and is pursuing its vision: In industrial packaging, be
the best performing customer service company in the world. The
Company produces steel, plastic and fibre drums, intermediate bulk
containers, reconditioned containers, flexible products,
containerboard, uncoated recycled paperboard, coated recycled
paperboard, tubes and cores and a diverse mix of specialty
products. The Company also manufactures packaging accessories and
provides filling, packaging and other services for a wide range of
industries. In addition, Greif manages timber properties in the
southeastern United States. The
Company is strategically positioned in over 40 countries to serve
global as well as regional customers. Additional information is on
the Company's website at www.greif.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words "may," "will," "expect," "intend," "estimate,"
"anticipate," "aspiration," "objective," "project," "believe,"
"continue," "on track" or "target" or the negative thereof and
similar expressions, among others, identify forward-looking
statements. Although the Company believes that the
expectations reflected in forward-looking statements have a
reasonable basis, the Company can give no assurance that these
expectations will prove to be correct. All forward-looking
statements are based on assumptions, expectations and other
information currently available to management. Such
forward-looking statements are subject to certain risks and
uncertainties that could cause the Company's actual results to
differ materially from those forecasted, projected or anticipated,
whether expressed or implied. The most significant of these
risks and uncertainties are described in Part I of the Company's
Annual Report on Form 10-K for the fiscal year ended
October 31, 2020. The Company undertakes no obligation to
update or revise any forward-looking statements.
Contact:
Matt Eichmann
740-549-6067
matt.eichmann@greif.com
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SOURCE Greif, Inc.