Strengthening MCC
On January 27, 2026, Multi-Color Corporation (MCC) announced strategic actions to further position the company for long-term growth and investment to best serve its customers in which MCC entered into a restructuring support agreement ("RSA") supported by holders of approximately 72% in amount of MCC's secured first lien debt and its majority owner, CD&R.
To implement the agreement with its lenders, MCC commenced a prepackaged Chapter 11 filing on January 29, 2026.
On April 16, MCC announced that the United States Bankruptcy Court for the District of New Jersey has confirmed the Company’s prepackaged plan of reorganization.
Under the terms of the Plan, MCC will complete a comprehensive restructuring transaction that significantly deleverages the Company’s balance sheet and recapitalizes the business. The restructuring reduces net debt by approximately $3.8 billion, reduces annualized cash interest expense by more than $330 million, and extends long term debt maturities to 2033. In addition, MCC will receive a significant $889 million investment from CD&R and a group of MCC’s existing secured lenders. Post-emergence, the Company expects to have more than $500 million of available liquidity to support long-term growth and investment.
MCC expects to complete its financial restructuring in the coming weeks.
Taken together, these are very positive steps forward for MCC, including our people, customers, partners, and other stakeholders and reflect a strong vote of confidence by our sponsor and lenders.
Key Facts on Our Financial Restructuring
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“Over the past two years, we have taken decisive actions commercially and operationally, while onboarding top-notch leadership talent, to best position MCC for sustainable, profitable growth. Our operational initiatives are showing momentum, and optimizing our capital structure is an essential step to advance our growth strategy. This agreement, which reflects a strong vote of confidence by MCC’s sponsor and lenders, will create a stronger financial foundation, enabling us to enhance the innovative and high-quality label solutions that help brands connect with consumers, enhance product integrity, and drive sustainable impact. We are grateful for CD&R’s and our lenders’ support as well as the ongoing dedication of our employees, customers, and suppliers.”
