Ranpak to launch $45 million add-on first-lien term loan on Thursday

By Sara Rosenberg

New York, Feb. 15 – Ranpak Corp. is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a fungible $45 million add-on first-lien term loan, according to a market source.

Macquarie Capital (USA) Inc. is the lead on the deal.

Proceeds will be used to repay a second-lien term loan, the source said.

Ranpak is a Concord Township, Ohio-based manufacturer of paper-based systems for protective packaging needs.

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