secwatch.observer — SEC 8-K summary
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Issuer:     Ranpak Holdings Corp. (PACK)
CIK:        0001712463
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0000950103-23-005416
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712463/000095010323005416/0000950103-23-005416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712463/000095010323005416/dp191912_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-005416

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