Monitor for any changes in interest rate spreads or covenants in the new credit agreements, as these could impact future borrowing costs. The dual credit structure with both JPMorgan and CoBank may provide more financing flexibility for future acquisitions or capital expenditures.
Price Chart
Executive Summary
Greif, Inc. has amended and restated its credit agreement, refinancing a $100 million Term A-2 loan and establishing a new $400 million term loan facility with CoBank. The company also entered into a new $725 million global revolving credit facility and a $75 million U.S. revolving credit facility, creating a dual credit structure with JPMorgan and CoBank. The refinancing was completed on February 27, 2026, with no changes to the overall debt structure but improved terms and extended maturity to 2031.
Key Financial Metrics
Key Facts
- Refinanced $100 million Term A-2 loan that was part of the existing credit agreement
- Established new $400 million term loan facility with CoBank (CoBank Credit Agreement)
- Created new $725 million global revolving credit facility and $75 million U.S. revolving credit facility with JPMorgan
- Entered into a Pari Passu Intercreditor Agreement between JPMorgan and CoBank
- Extended maturity date to February 27, 2031 for all facilities
- The refinancing was completed on February 27, 2026
Financial Impact
Refinancing of $100 million Term A-2 loan and establishment of $400 million term loan facility
Risk Factors
- Increased complexity from managing relationships with two separate lending groups
- Potential for covenant conflicts between the two credit facilities
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-015049 |
| Document: gef2026creditagreementex102.htm | 0001628280-26-015049 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 8w ago | Press Release | $84.63 | awaiting T+60 | — | $82.75 (−2.22%) |
Aug 10, 2026 11w ago | Insider Cluster | $87.53 | awaiting T+60 | — | $82.75 (−5.46%) |
Aug 10, 2026 11w ago | Insider Cluster | $87.53 | awaiting T+60 | — | $82.75 (−5.46%) |
Aug 10, 2026 11w ago | Insider Cluster | $87.41 | awaiting T+60 | — | $82.75 (−5.33%) |
Aug 5, 2026 11w ago | Insider Cluster | $90.12 | awaiting T+60 | — | $82.75 (−8.18%) |
Aug 5, 2026 11w ago | Insider Cluster | $90.12 | awaiting T+60 | — | $82.75 (−8.18%) |
Jul 31, 2026 12w ago | 8-K | $86.55 $82.75 | ▼ −4.39% | ▼ −6.85% | $82.75 (−4.39%) |
Jun 2, 2026 20w ago | Press Release | $63.46 $85.51 | ▲ +34.75% | ▲ +33.63% | $82.75 (+30.40%) |
Apr 28, 2026 25w ago | Press Release | $65.44 $78.62 | ▼ −20.14% | ▼ −16.03% | $82.75 (−26.45%) |
Apr 22, 2026 26w ago | Press Release | $66.68 $76.32 | ▲ +14.46% | ▲ +9.68% | $82.75 (+24.10%) |
US Market Status
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