---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-005416"
form_type: "8-K"
ticker: "PACK"
cik: "0001712463"
company_name: "Ranpak Holdings Corp."
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:31:17.446964+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Ranpak amends credit agreement to replace LIBOR with SOFR as benchmark rate

## Summary
- Amendment No. 2 to First Lien Credit Agreement dated April 4, 2023 replaces LIBOR with SOFR plus spread adjustment.
- All other terms of the credit agreement remain unchanged; no new debt or covenant changes.
- Existing USD Eurocurrency Rate Loans continue at LIBOR until current interest period ends, then convert to SOFR or ABR.
- Effective immediately upon execution by all parties.

## SEC filing metadata
- accession: 0000950103-23-005416
- form_type: 8-K
- ticker: PACK
- cik: 0001712463
- company_name: Ranpak Holdings Corp.
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712463/000095010323005416/0000950103-23-005416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712463/000095010323005416/dp191912_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-005416
- JSON: https://secwatch.observer/filing/0000950103-23-005416.json
- Plain text: https://secwatch.observer/filing/0000950103-23-005416.txt

## Key facts
- Material Agreements
  Ranpak Holdings Corp. amended Amendment No. 2 with Goldman Sachs Lending Partners LLC (effective 2023-04-04).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Goldman Sachs Lending Partners LLC
  - Effective: 2023-04-04
  source text: On April 4, 2023, Ranger Pledgor LLC, a Delaware limited liability company (“Holdings”), Ranpak Corp., an Ohio corporation (the “U.S. Borrower”), Ranpak B.V., a private limited liability company under the laws of the Netherlands (the “Dutch Borrower” and together with the U.S. Borrower, the “Borrowers”), certain other subsidiaries of Holdings, certain lenders party to Amendment No. 2 (as defined below) and Goldman Sachs Lending Partners LLC (the “Administrative Agent”) entered into the Amendment No. 2 (“Amendment No. 2”) to that certain First Lien Credit Agreement, dated June 3, 2019
  evidence_url: https://www.sec.gov/Archives/edgar/data/1712463/000095010323005416/0000950103-23-005416-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.