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Ranpak Holdings Corp. – ‘8-K’ for 2/14/20

On:  Tuesday, 2/18/20, at 8:25pm ET   ·   As of:  2/19/20   ·   For:  2/14/20   ·   Accession #:  1213900-20-4178   ·   File #:  1-38348

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/19/20  Ranpak Holdings Corp.             8-K:1,9     2/14/20    2:74K                                    Edgar Agents LLC/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     18K 
 2: EX-10.1     Amendment No. 1 to the First Lien Credit            HTML     30K 
                Agreement, Dated February 14, 2020 Among Ranger                  
                Packaging LLC, Ranpak B.V., Ranger Pledgor LLC and               
                Goldman Sachs Lending Partners LLC                               


‘8-K’   —   Current Report


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

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

Date of Report (Date of earliest event reported):

February 14, 2020

RANPAK HOLDINGS CORP.
(Exact Name of Registrant as Specified in its Charter)

 

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

 

7990 Auburn Road

Concord Township, OH

 

 

44077

(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: +1 440-354-4445

 

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))

 

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. ☐

 

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

 

 

 

 C: 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement

 

On February 14, 2020, Ranger Packaging LLC, a Delaware limited liability company (“U.S. Borrower”), Ranpak B.V., a private limited liability company under the laws of the Netherlands (the “Dutch Borrower”; the U.S. Borrower and the Dutch Borrower, the “Borrowers”), Ranger Pledgor LLC, a Delaware limited liability company (“Holdings”), certain other subsidiaries of Holdings, certain lenders party to Amendment No. 1 (as defined below) and Goldman Sachs Lending Partners LLC (the “Administrative Agent”) entered into the Amendment No. 1 to First Lien Credit Agreement (“Amendment No. 1”) to amend the First Lien Credit Agreement, dated as of June 3, 2019 among the Borrowers, Holdings, the lenders from time to time party thereto, the issuing banks from time to time party thereto and the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Among other things, the Amendment No. 1 amends the Credit Agreement such that (x) the requirement of the Borrowers to apply excess cash flow to mandatorily prepay term loans under the Credit Agreement commences with the fiscal year ending December 31, 2021 (instead of the fiscal year ending December 31, 2020) and (y) the aggregate amount per fiscal year of capital stock of any parent company of the U.S. Borrower that is held by directors, officers, management, employees, independent contractors or consultants of the U.S. Borrower (or any parent company or subsidiary thereof) that the U.S. Borrower may repurchase, redeem, retire or otherwise acquire or retire for value has been increased to the greater of $10,000,000 and 10% of Consolidated Adjusted EBITDA (as defined in the Credit Agreement) (increased from the greater of $7,000,000 and 7% of Consolidated Adjusted EBITDA) as of the last day of the most recently ended four fiscal quarter period for which financial statements have been delivered.

 

The foregoing summary of Amendment No. 1 does not purport to be complete and is qualified in its entirety by reference to Amendment No. 1, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits 

 

The following exhibits are being filed herewith:

  

Exhibit No.   Description
10.1   Amendment No. 1 to the First Lien Credit Agreement, dated February 14, 2020 among Ranger Packaging LLC, Ranpak B.V., Ranger Pledgor LLC and Goldman Sachs Lending Partners LLC

 

 C: 

 C: 1

 

 

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.

 

Date: February 18, 2020

 

 

RANPAK HOLDINGS CORP. 

   
  By: /s/ Michele Smolin 
    Michele Smolin
    General Counsel

 

 

2

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
12/31/21
12/31/20
Filed as of:2/19/20
Filed on:2/18/20SC 13G
For Period end:2/14/20SC 13G
6/3/1925-NSE,  3,  4,  8-K
 List all Filings 


8 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/31/23  Ranpak Holdings Corp.             10-K       12/31/22  128:22M                                    Donnelley … Solutions/FA
 2/28/22  Ranpak Holdings Corp.             10-K       12/31/21  132:23M                                    Donnelley … Solutions/FA
 3/04/21  Ranpak Holdings Corp.             10-K       12/31/20  127:20M                                    ActiveDisclosure/FA
10/13/20  Ranpak Holdings Corp.             S-3                    3:250K                                   EdgarAgents LLC/FA
 9/03/20  Ranpak Holdings Corp.             SC TO-I/A              1:71K  Ranpak Holdings Corp.             EdgarAgents LLC/FA
 9/01/20  Ranpak Holdings Corp.             424B3                  1:349K                                   EdgarAgents LLC/FA
 8/06/20  Ranpak Holdings Corp.             SC TO-I                1:82K  Ranpak Holdings Corp.             EdgarAgents LLC/FA
 8/06/20  Ranpak Holdings Corp.             S-4                   14:12M                                    EdgarAgents LLC/FA
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Filing Submission 0001213900-20-004178   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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