EX-99.D 11 l37197exv99wd.htm EX-99(D) exv99wd
 
Exhibit 99(d)
 
LETTER TO
DEPOSITORY TRUST COMPANY PARTICIPANTS

GREIF, INC.

EXCHANGE OF ALL OUTSTANDING
73/4% SENIOR NOTES DUE 2019
FOR
73/4% SENIOR NOTES DUE 2019
 
 
THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON          , 2009, UNLESS EXTENDED (THE “EXPIRATION DATE”).
 
ORIGINAL NOTES TENDERED IN THE EXCHANGE OFFER MAY BE WITHDRAWN AT ANY TIME PRIOR TO 5:00 P.M., NEW YORK CITY TIME, ON THE EXPIRATION DATE.
 
To Depository Trust Company Participants:
 
We are enclosing herewith the material listed below relating to the offer by Greif, Inc., to exchange its 73/4% Senior Notes due 2019 (the “Exchange Notes”), which have been registered under the Securities Act of 1933, as amended (the “Securities Act”), for like principal amount of its issued and outstanding 73/4% Senior Notes due 2019 (the “Original Notes”), upon the terms and subject to the conditions set forth in Greif, Inc.’s prospectus, dated          , 2009, and the related letter of transmittal (which together constitute the “Exchange Offer”).
 
Enclosed are copies of the following documents:
 
1. Prospectus, dated          , 2009;
 
2. Letter of Transmittal (together with accompanying Substitute Form W-9 Guidelines);
 
3. Notice of Guaranteed Delivery; and
 
4. Letter that may be sent to your clients for whose account you hold Original Notes in your name or in the name of your nominee, with space provided for obtaining such client’s instruction with regard to the Exchange Offer.
 
We urge you to contact your clients promptly. Please note that the Exchange Offer will expire on the Expiration Date unless extended.
 
The Exchange Offer is not conditioned upon any minimum number of Original Notes being tendered.
 
Pursuant to the letter of transmittal, each holder of Original Notes will represent to Greif, Inc. that:
 
(i) any Exchange Notes that the holder will acquire in exchange for Original Notes will be acquired in the ordinary course of business of the holder,
 
(ii) the holder has not engaged in, does not intend to engage in, and has no arrangement with any person to engage in, a distribution of any Exchange Notes issued to the holder, and
 
(iii) the holder is not an “affiliate” (as defined in Rule 405 under the Securities Act) of Greif, Inc.
 
If the holder is a broker-dealer (whether or not it is also an “affiliate”) that will receive Exchange Notes for its own account in exchange for Original Notes, it will represent that the Original Notes were acquired as a result of market-making activities or other trading activities, and it will acknowledge that it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of those Exchange Notes. By acknowledging that it will


 

deliver and by delivering a prospectus meeting the requirements of the Securities Act in connection with any resale of those Exchange Notes, the broker-dealer is not deemed to admit that it is an “underwriter” within the meaning of the Securities Act.
 
The enclosed Letter to Clients contains an authorization by the beneficial owners of the Original Notes for you to make the foregoing representations.
 
Greif, Inc. will not pay any fee or commission to any broker or dealer to any other persons (other than the Exchange Agent) in connection with the solicitation of tenders of Original Notes pursuant to the Exchange Offer. Greif, Inc. will pay or cause to be paid any transfer taxes payable on the transfer of Original Notes to it, except as otherwise provided in Instruction 6 of the enclosed letter of transmittal. Additional copies of the enclosed material may be obtained from the undersigned.
 
Very truly yours,
 
U.S. BANK NATIONAL ASSOCIATION


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