Ranpak extends first-lien credit agreement a year, adjusts covenant

By Wendy Van Sickle

Columbus, Ohio, June 6 – Ranpak Corp. amended its first-lien credit agreement dated June 3, 2019 on Monday to extend the maturity date by one year to June 3, 2025 and reduce the springing financial covenant level to a first-lien net leverage ratio of 7.5:1 from 9.1:1, according to an 8-K filing with the Securities and Exchange Commission.

Goldman Sachs Lending Partners LLC is the administrative agent.

Ranpak is a Concord Township, Ohio-based provider of fiber-based, environmentally sustainable protective packaging solutions that safeguard products in commerce and industrial supply chains.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.