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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 ____________________________

 

FORM 8-K

____________________________

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

December 3, 2024

(Date of Report, Date of earliest event reported)

 ____________________________

 

RANPAK HOLDINGS CORP.

(Exact name of registrant as specified in its charter)

____________________________ 

 

Delaware 001-38348 98-1377160
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation)   Identification No.)

 

7990 Auburn Road 

Concord Township, Ohio 44077

(Address of principal executive offices) (Zip Code)

 

(440) 354-4445

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 ____________________________

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per share PACK New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 7.01Regulation FD.

 

On December 3, 2024, Ranpak Holdings Corp. (the “Company”) announced the launch of a process to refinance in full the Company’s existing senior secured credit facilities with new senior secured credit facilities (the “New Credit Facilities”), which are currently expected to consist of (i) a $410 million U.S. dollar-denominated first lien term facility and (ii) a $50 million revolving facility available in U.S. dollars, Euros and other currencies to be agreed. UBS AG, Stamford Branch is expected to serve as administrative agent for the New Credit Facilities.

 

Terms of the potential refinancing and the New Credit Facilities will be disclosed upon the completion of the transaction. The proposed refinancing is subject to market and other conditions, and there can be no assurance that it will be completed on favorable terms or at all.

 

The information included in this item, including Exhibit 99.1, is hereby furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01Financial 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

 

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 3, 2024   By: /s/ William Drew
        William Drew
        Senior Vice President and Chief Financial Officer

 

 

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Dec. 03, 2024
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Document Type 8-K
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Document Period End Date Dec. 03, 2024
Entity File Number 001-38348
Entity Registrant Name RANPAK HOLDINGS CORP.
Entity Central Index Key 0001712463
Entity Tax Identification Number 98-1377160
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 7990 Auburn Road 
Entity Address, City or Town Concord Township
Entity Address, State or Province OH
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Title of 12(b) Security Class A Common Stock, par value $0.0001 per share
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