secwatch.observer — SEC 8-K summary
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Issuer:     Ranpak Holdings Corp. (PACK)
CIK:        0001712463
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001213900-23-046538
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712463/000121390023046538/0001213900-23-046538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712463/000121390023046538/ea179733-8k_ranpakhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-046538

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer