05:19 PM EST, 12/19/2024 (MT Newswires) -- Ranpak Holdings ( PACK ) said it completed refinancing senior secured credit facilities of Ranger Pledgor LLC, Ranpak Corp., and Ranpak B.V.

The credit agreement provides for a $410 million US dollar-denominated first lien term facility maturing in December 2031 and a $50 million revolving facility available in US dollars and euros maturing in December 2029, the company said late Thursday.

The proceeds were used partly to consummate the refinancing of existing credit lines, according to the company.