{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-24-018007","form_type":"8-K","ticker":"PACK","cik":"0001712463","company_name":"Ranpak Holdings Corp.","filed_at":"2024-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.333135+00:00","generated_at":"2026-05-29T01:43:09.818411+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Ranpak closes $460M refinancing with $410M term loan and $50M revolver","bullets":["New $410M first-lien term loan and $50M revolving credit facility replace existing senior secured credit facilities.","Term loan matures in 7 years; revolving facility expires in 5 years; no revolving draws at closing.","Term loan interest at SOFR+4.50% (or ABR+3.50%), stepping down to SOFR+4.25%; revolver at SOFR+4.00%, stepping down to 3.25%.","Proceeds used to refinance existing debt and pay transaction fees and expenses.","Springing financial covenant: max first-lien leverage ratio of 7.65:1.00 tested only when revolver usage exceeds 40% of commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-24-018007","json":"https://secwatch.observer/filing/0000950103-24-018007.json","markdown":"https://secwatch.observer/filing/0000950103-24-018007.md","text":"https://secwatch.observer/filing/0000950103-24-018007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1712463/000095010324018007/0000950103-24-018007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1712463/000095010324018007/dp222355_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T01:43:09.818411+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}