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Greif, Inc.
GEF and two
subsidiaries amended and restated the company's existing $1.0 billion senior
secured credit facilities with a syndicate of financial institutions on Dec.
19, 2012. The amended credit facilities provide the company with an $800
million revolving multicurrency credit facility and a $200 million term loan,
both expiring in December 2017, with an option to add $250 million to the
facilities with the agreement of the lenders. The new facilities, which
include lower pricing and improved covenants, amend the existing $1.0 billion
senior secured credit facilities scheduled to expire in October 2015.
The revolving credit facility is available to fund ongoing working capital
needs and general corporate purposes, and to finance permitted acquisitions.
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