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Debt Acceleration · Company Update

Filed Apr 5, 2019 · 7y ago · Accession 0000043920-19-000024

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 5, 2019 (April 1, 2019)   GREIF, INC. (Exact name of registrant as specified in its charter)   Delaware   001-00566 31-4388903 (State or other jurisdiction of incorporation)   (Commission File Number) (IRS Employer Identification No.) 425 Winter Road, Delaware, Ohio 43015 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (740) 549-6000 Not Applicable (Former name or former address, if changed since last report.)     Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 2 - Financial Information Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off- Balance Sheet Arrangement. (A) Repayment of a Direct Financial Obligation Redemption of 7.75% Senior Notes On April 1, 2019 (the “ Redemption Date ”), Greif, Inc. (the “ Company ”) redeemed all of its outstanding 7.75% Senior Notes due August 1, 2019 (the “ Senior Notes ”).  The total redemption price for the Senior Notes was $253,904,142.46, which was equal to the aggregate principal amount outstanding of $250,000,000 plus a premium of $3,904,142.46.  Accrued interest of $3,229,166.67 on the Senior Notes was also paid. The payment of the redemption price was funded by borrowings under the Company’s senior secured credit agreement. Section 8 - Other Events Item 8.01.    Other Events. The Company previously notified the holders of the Senior Notes on March 1, 2019 that it had elected to redeem the Senior Notes on the Redemption Date. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.   GREIF, INC. Date: April 5, 2019 By /s/ Gary R. Martz     Gary R. Martz Executive Vice President, General Counsel and Secretary
Filing details
Company
GREIF, INC
Ticker
GEF
CIK
43920
Form type
8-K
Filing date
Apr 5, 2019
Report date
Apr 5, 2019
Document
gef2019seniornoteredemption.htm
Size
59 KB