Ranpak launches refinancing of credit facilities with $410M term loan and $50M revolver

Ranpak Holdings Corp.

Ranpak announced launch of process to refinance existing senior secured credit facilities in full.
New credit facilities expected to include a $410M U.S. dollar-denominated first lien term facility.
Also a $50 million revolving facility available in USD, EUR, and other currencies.
UBS AG, Stamford Branch is expected to serve as administrative agent for the new facilities.
Refinancing is subject to market conditions; no assurance it will be completed on favorable terms.

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