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Stock Market & Financial Investment News

News Breaks
December 19, 2012
16:57 EDTGEFGreif amends credit facilities reducing our borrowing costs
Greif, and two subsidiaries amended and restated the company's existing $1B senior secured credit facilities with a syndicate of financial institutions on Dec. 19 . The amended credit facilities provide the company with an $800M revolving multicurrency credit facility and $200M term loan, both expiring in December 2017, with an option to add $250M to the facilities with the agreement of the lenders. The new facilities, which include lower pricing and improved covenants, amend the existing $1B senior secured credit facilities scheduled to expire in October 2015.
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