Greif, Inc. (GEF) said it closed $700 million of senior secured credit facilities co-arranged by Banc of America Securities LLC and J.P. Morgan Securities Inc.
The company noted that the new facilities would replace existing $450 million revolving credit facility, which was scheduled to expire on March 2010.
The agreement provides for a revolving credit facility of $500 million and a $200 million term loan, both expiring February 2012, with the ability to increase the facilities by up to $200 million.
GEF closed Thursday's regular trade at $29.53, down $1.01 or 3.31%, on a volume of 136 thousand shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.