Blackstone Inc. — Director's Dealing 2019

Jun 11, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Ranpak Holdings Corp. (PACK)
CIK: 0001712463
Period of Report: 2019-06-03

Reporting Person: Blackstone Holdings I L.P. (10% Owner)
Reporting Person: BSOF Master Fund L.P. (10% Owner)
Reporting Person: BSOF Master Fund II L.P. (10% Owner)
Reporting Person: Blackstone Strategic Opportunity Associates L.L.C. (10% Owner)
Reporting Person: Blackstone Alternative Solutions L.L.C. (10% Owner)
Reporting Person: Blackstone Holdings II L.P. (10% Owner)
Reporting Person: Blackstone Holdings I/II GP Inc (10% Owner)
Reporting Person: Blackstone Group L.P. (10% Owner)
Reporting Person: Blackstone Group Management L.L.C. (10% Owner)
Reporting Person: SCHWARZMAN STEPHEN A (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3891500	Indirect
Class A Common Stock	633500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants (right to buy)	$11.50		Class A Common
Stock (2201600)		Indirect
Warrants (right to buy)	$11.50		Class A Common
Stock (358400)		Indirect

Footnotes

F1: Reflects securities of Ranpak Holdings Corp. (f.k.a. One Madison Corporation, the "Issuer") directly held by BSOF Master Fund L.P. ("BSOF").

F2: Reflects securities of the Issuer directly held by BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F3: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP Inc. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group L.P. ("Blackstone") is the controlling shareholder of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the general partner of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F4: (continued from footnote 3) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F5: The warrants to purchase shares of Class A Common Stock of the Issuer are exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F6: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.