Ranpak Holdings Corp. Files 8-K
Ticker: PACK · Form: 8-K · Filed: Dec 16, 2024 · CIK: 1712463
| Field | Detail |
|---|---|
| Company | Ranpak Holdings Corp. (PACK) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $410 million, $50 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, financial-statements
TL;DR
Ranpak filed an 8-K on 12/16/24 for financial statements & exhibits.
AI Summary
Ranpak Holdings Corp. filed an 8-K on December 16, 2024, reporting on financial statements and exhibits. The filing does not contain specific financial figures or transaction details within the provided text, but it serves as a notification of these items being submitted to the SEC.
Why It Matters
This filing indicates Ranpak Holdings Corp. is providing updated financial information and exhibits to the SEC, which is a standard regulatory requirement for public companies.
Risk Assessment
Risk Level: low — This is a routine regulatory filing for financial statements and exhibits, not indicating any immediate operational or financial distress.
Key Players & Entities
- Ranpak Holdings Corp. (company) — Registrant
- 0000950103-24-017786 (filing_id) — Accession Number
- December 16, 2024 (date) — Filing Date
- 7990 Auburn Road Concord Township, Ohio 44077 (address) — Principal Executive Offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Regulation FD Disclosure and to provide Financial Statements and Exhibits.
When was this 8-K filed with the SEC?
This 8-K was filed as of December 16, 2024.
What is Ranpak Holdings Corp.'s principal executive office address?
Ranpak Holdings Corp.'s principal executive office is located at 7990 Auburn Road, Concord Township, Ohio 44077.
What is Ranpak Holdings Corp.'s IRS Employer Identification Number?
Ranpak Holdings Corp.'s IRS Employer Identification Number is 98-1377160.
What is Ranpak Holdings Corp.'s Standard Industrial Classification code?
Ranpak Holdings Corp.'s Standard Industrial Classification code is 2670, for CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES).
Filing Stats: 1,022 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-12-16 07:00:19
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share PACK New York Stock Exchang
- $410 million — rs ") had completed the allocation of a $410 million U.S. dollar-denominated first lien term
- $50 million — es which are also expected to include a $50 million revolving facility available in U.S. do
Filing Documents
- dp222132_8k.htm (8-K) — 27KB
- 0000950103-24-017786.txt ( ) — 195KB
- pack-20241216.xsd (EX-101.SCH) — 3KB
- pack-20241216_lab.xml (EX-101.LAB) — 33KB
- pack-20241216_pre.xml (EX-101.PRE) — 22KB
- dp222132_8k_htm.xml (XML) — 3KB
01 Regulation FD
Item 7.01 Regulation FD. On December 16, 2024, Ranpak Holdings Corp. (the " Company ") announced that Ranpak Corp. and Ranpak B.V. (collectively, the " Borrowers ") had completed the allocation of a $410 million U.S. dollar-denominated first lien term facility maturing in December 2031 (the " Term Facility "), as part of its proposed new senior secured credit facilities which are also expected to include a $50 million revolving facility available in U.S. dollars, Euros and other currencies to be agreed maturing in December 2029 (together with the Term Facility, the " New Credit Facilities "). The applicable interest rate margin for term loans is expected to range from (i) 4.50% to 4.25% for loans bearing interest at a rate based on the secured overnight financing rate (" SOFR ") and (ii) 3.50% to 3.25% for loans bearing interest at the base rate, in either case depending on the first lien net leverage ratio as determined in accordance with the terms of the New Credit Facilities (with the applicable interest rate margin to be set initially at 4.50% with respect to loans bearing interest at a rate based on SOFR and 3.50% for loans bearing interest at the base rate). The proceeds of the New Credit Facilities at closing will be used to refinance in full the Borrowers' existing senior secured credit facilities as previously disclosed. The foregoing transactions are subject to market and other conditions and are anticipated to close fourth quarter of 2024. However, there can be no assurance that the transactions will be completed on favorable terms or at all. The foregoing may contain forward-looking statements, including, but not limited to, our financing plans and the details thereof, including the proposed use of proceeds therefrom, the expected timing of the closing of the New Credit Facilities and the ability to close such transactions. Forward-looking "goals," "
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104(*) Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document (*) Furnished herewith
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RANPAK HOLDINGS CORP. Date: December 16, 2024 By: /s/ William Drew William Drew Senior Vice President and Chief Financial Officer