Greif, Inc. Refinances 7.375% Euro 200 Million Senior Notes with Term Loan A-3 Carrying an Interest Rate of Approximately 2%
July 15, 2021 at 04:30 pm EDT
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Greif, Inc. announced 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%.
Greif, Inc. is engaged in industrial packaging products and services. The Company principally manufactures rigid industrial packaging products, such as steel, fiber and plastic drums, rigid intermediate bulk containers, jerrycans and other small plastics, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services. The Company produces and sells containerboard, corrugated sheets, corrugated containers and other corrugated products to customers in North America in industries, such as packaging, automotive, food and building products. The Company also produces and sells coated recycled paperboard and uncoated recycled paperboard, some of which are used to produce and sell industrial products (tubes and cores, construction products and protective packaging).
GREIF, INC. 
