Jan 23, 2007. /Lesprom Network/. Greif, Inc., the global leader in industrial packaging, announced on January 22 that it intends to offer up to $300 million of senior notes due 2017. The net proceeds from this offering will be used to fund the purchase of Greif's 8-7/8 percent senior subordinated notes due 2012 and for general corporate purposes. As announced on January 11, 2007, Greif commenced an offer to purchase and consent solicitation for any and all of its outstanding 8-7/8 percent senior subordinated notes due 2012. If the tender offer is not consummated, Greif will not issue the new senior notes. Greif is the world leader in industrial packaging products and services. The company produces steel, plastic, fibre, corrugated and multiwall containers, protective packaging and containerboard, and provides blending and packaging services for a wide range of industries. Greif also manages timber properties in North America. The company is strategically positioned in more than 40 countries to serve global as well as regional customers.