Greif Announces Issuance of New Senior Notes

Greif, Inc. GEF today announced that its indirect, wholly owned Luxembourg subsidiary, Greif Luxembourg Finance S.C.A. (issuer), has issued euro 200 million aggregate principal amount of its 7.375% Senior Notes due 2021. The senior notes are fully and unconditionally guaranteed on a senior basis by the company. The issuer will use the net proceeds from the issuance of the senior notes to repay non-U.S. borrowings under the company's revolving multicurrency credit facility, without any permanent reduction of the commitments, and for general corporate purposes, including the financing of acquisitions.