---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-046538"
form_type: "8-K"
ticker: "PACK"
cik: "0001712463"
company_name: "Ranpak Holdings Corp."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:42:09.784163+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ranpak extends revolver maturity to 2025, tightens springing covenant to 7.50x

## Summary
- Extends revolving credit facility maturity from June 2024 to June 3, 2025.
- Reduces springing financial covenant from 9.10x to 7.50x first lien net leverage ratio.
- Amends definition of Consolidated Adjusted EBITDA and modifies incremental debt incurrence baskets.
- All lenders party to the existing credit agreement consented to Amendment No. 3.

## SEC filing metadata
- accession: 0001213900-23-046538
- form_type: 8-K
- ticker: PACK
- cik: 0001712463
- company_name: Ranpak Holdings Corp.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712463/000121390023046538/0001213900-23-046538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712463/000121390023046538/ea179733-8k_ranpakhold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-046538
- JSON: https://secwatch.observer/filing/0001213900-23-046538.json
- Plain text: https://secwatch.observer/filing/0001213900-23-046538.txt

## Key facts
- Material Agreements
  Ranpak Holdings Corp. amended Amendment No. 3 with certain lenders party to Amendment No. 3 and Goldman Sachs Lending Partners LLC (the Administrative Agent) (effective 2023-06-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: certain lenders party to Amendment No. 3 and Goldman Sachs Lending Partners LLC (the Administrative Agent)
  - Effective: 2023-06-05
  source text: On June 5, 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. 3 (as defined below) and Goldman Sachs Lending Partners LLC (the “Administrative Agent”) entered into Amendment No. 3 (“Amendment No. 3”) to that certain First Lien Credit Agreement, dated June 3, 2019
  evidence_url: https://www.sec.gov/Archives/edgar/data/1712463/000121390023046538/0001213900-23-046538-index.htm

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