Multi-Color Corporation Announces Confirmation of Reorganisation Plan
Multi-Color Corporation (“MCC” or “the Company”) is a leading provider of premium label solutions. Today, MCC announced that the United States Bankruptcy Court for the District of New Jersey (“the Court”) has confirmed the Company’s prepackaged reorganisation plan (“the Plan”). MCC expects to complete the prepackaged Chapter 11 process in the coming weeks.
Under the terms of the Plan, MCC will complete a comprehensive restructuring transaction that significantly reduces the Company’s balance sheet leverage and recapitalises its business. This restructuring reduces net debt by approximately $3.8 billion, lowers annual cash interest expenses by more than $330 million, and extends long-term debt maturities to 2033. In addition, MCC will receive a significant investment of $889 million from CD&R and a group of existing MCC secured creditors. Following the restructuring, the Company expects to have more than $500 million in liquidity to support growth and long-term investment.
“Today’s confirmation marks the near completion of our financial restructuring process and positions MCC as a more resilient company,” said Hassan Rmaile, President & Chief Executive Officer of MCC. “With the support of our financial stakeholders, MCC’s balance sheet leverage will be substantially reduced, and we will have liquidity to support ongoing operations, invest in innovation, and continue delivering the high-quality label solutions that are the hallmark of our customers’ success. I thank our team members, customers, and suppliers for their steadfast commitment and support throughout this process, and we look forward to the many new opportunities ahead.”
The confirmation of the Plan follows the success of mediation and a global resolution among all major constituents in MCC’s prepackaged Chapter 11 cases. More than 99% of voting stakeholders accepted MCC’s prepackaged Chapter 11 Plan. This global resolution complements the support obtained through the restructuring support agreement signed prior to the commencement of MCC’s prepackaged Chapter 11 cases in January 2026.
Following court approval, MCC expects to receive a substantial amount of new common and preferred equity investment in addition to completing the financial restructuring in the coming weeks.
For more information regarding MCC’s restructuring and to view Court documents, please visit www.veritaglobal.net/MCC. Stakeholders with questions may contact Verita, the Company’s claims and noticing agent, at (866) 967-1788 (U.S./Canada toll-free) or +1 (310) 751-2688 (international), or submit inquiries at www.veritaglobal.net/MCC/inquiry. Additional information is also available at MCCForward.com.
Advisors
Kirkland & Ellis LLP and Cole Schotz P.C. are acting as legal counsel, Evercore Group LLC is acting as investment banker, AlixPartners LLP is acting as financial advisor, Quinn Emanuel Urquhart & Sullivan LLP is acting as special counsel to the Special Committee of the Board of Directors of LABL, Inc., and FGS Global is acting as strategic communications advisor to the Company. Debevoise & Plimpton LLP and Latham & Watkins LLP are acting as legal counsel to CD&R, with Moelis & Company LLC acting as its financial advisor. Milbank LLP and PJT Partners are acting as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors.
About MCC
Multi-Color Corporation (MCC) is a world leader in premium label solutions. MCC provides innovative and sustainable solutions for some of the most recognised brands in the world across a variety of consumer end-use product categories. MCC is committed to delivering the world’s best label solutions to its customers to build their brands and add value to the communities in which it operates.
Forward-Looking Statements
This press release contains forward-looking statements related to MCC and its subsidiaries’ financial condition, results of operations, business, and certain plans or objectives related thereto. These forward-looking statements may be identified by their use of terms and phrases such as “anticipate,” “target,” “expect,” “enable,” “estimate,” “intend,” “plan,” “objective,” “believe,” “hope,” “aim,” “continue,” “will,” “may,” “should,” “could,” or similar terms or expressions. These statements are based on the Company’s assumptions and estimates and its perception of historical trends, current conditions, expected future developments, and other factors. By their nature, forward-looking statements are subject to risks and uncertainties because they relate to events and depend on circumstances that will occur in the future, and the factors described in the context of the forward-looking statements in this document could cause actual results and developments to differ materially from those expressed or implied in the forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Therefore, you should not place undue reliance on forward-looking statements, which only apply as of the date of this press release.