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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.
News For GEF From The Last 14 Days
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March 2, 2015
07:25 EDTGEFPackaging sector downgraded to Market Weight at Wells Fargo
Wells Fargo downgraded the Packaging sector to Market Weight from Overweight saying current valuation levels reflect known catalysts. Wells made no stock rating changes along with the sector, and continues to view International Paper (IP) and Crown Holdings (CCK) as its top picks. Other Outperform ratings in the space include Berry Plastics (BERY), Greif (GEF), Owens-Illinois (OI) and Packaging Corp. (PKG).

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