Greif signs $1.8 billion sustainability-linked revolver, term loan

By Marisa Wong

Los Angeles, Oct. 19 – Greif, Inc. said it recently completed its debut sustainable finance transaction. From the $2.4 billion financing package, the $1.8 billion secured revolving credit facility and term loan A-1 have pricing tied to Greif’s sustainability performance, captured based on its EcoVadis ESG score, according to a press release.

Greif worked with ING Capital LLC as sustainability structuring agent to include an innovative feature to the facility, which is the option to switch to internally set key performance indicators at a later stage, providing additional flexibility as Greif makes continuous progress on its sustainability targets.

The EcoVadis ESG score examines the performance of a company across four themes: environment, ethics, labor and human rights and sustainable procurement.

Greif is an industrial packaging products and services company based in Delaware, Ohio.

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