Stakeholders
In January 2026, MCC has entered into a restructuring support agreement ("RSA") supported by holders of approximately 72% in amount of MCC's secured first lien debt and our majority owner, CD&R.
To implement the agreement with its lenders, MCC commenced a prepackaged Chapter 11 filing on January 29. A prepackaged filing means we had sufficient lender support to proceed through Chapter 11 on an expedited timeline.
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.
MCC’s global operations will continue in the normal course throughout the prepackaged Chapter 11 process. Your pay and benefits will continue as normal, and our commitment to our customers and partners remains unchanged.
Please refer to the FAQs page for additional information about this financial restructuring process.
On January 27, 2026, 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 our majority owner, CD&R.
To implement the agreement with its lenders, MCC commenced a prepackaged Chapter 11 filing on January 29. A prepackaged filing means we have sufficient lender support to proceed through Chapter 11 on an expedited timeline.
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. This news represents the near-final step in the restructuring process.
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.
With court approval in hand, MCC expects to receive the proceeds from the significant new common and preferred equity investment and complete its financial restructuring in the coming weeks.
MCC’s global operations will continue as usual throughout the prepackaged Chapter 11 process. There is no impact to our customers, and we remain fully focused on delivering the service, quality, and partnership you expect from us. The agreement reflects a strong vote of confidence by MCC’s majority owner and lenders.
Your primary contact at MCC remains unchanged, and we are available to answer any questions you may have.
Please refer to the FAQs page for additional information about this financial restructuring process.
Additional information regarding the prepackaged Chapter 11 process is available at MCCForward.com or www.veritaglobal.net/MCC. Stakeholders with questions can contact the Company’s claims agent, Verita, by calling (866) 967-1788 (U.S./Canada toll free) or +1 (310) 751-2688 (International) or submitting an inquiry to www.veritaglobal.net/MCC/inquiry.
On January 27, 2026, 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 an agreement supported by a group of 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. A prepackaged filing means we have sufficient lender support to proceed through Chapter 11 on an expedited timeline.
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. This news represents the near-final step in the restructuring process.
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.
With court approval in hand, MCC expects to receive the proceeds from the significant new common and preferred equity investment and complete its financial restructuring in the coming weeks.
Your primary contact at MCC remains unchanged, and we are available to answer any questions you may have.
Please refer to the FAQs page for additional information about this financial restructuring process.
Additional information regarding the prepackaged Chapter 11 process is available at MCCForward.com or www.veritaglobal.net/MCC. Stakeholders with questions can contact the Company’s claims agent, Verita, by calling (866) 967-1788 (U.S./Canada toll free) or +1 (310) 751-2688 (International) or submitting an inquiry to www.veritaglobal.net/MCC/inquiry.