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Multi-Color Corporation Initiates Implementation of Restructuring Agreement
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City AM
Multi-Color Corporation Initiates Implementation of Restructuring AgreementMulti-Color Corporation (“MCC” or the “Company”), a global leader in prime label solutions, today announced that to implement the previously announced restructuring support agreement (the “RSA”), the Company has commenced its prepackaged Chapter 11 filing in the United States Bankruptcy Court for the District of New Jersey (“the Court”).
BUSINESS AS USUALThe RSA also provides for $250 million of new money debtor-in-possession (“DIP”) financing to capitalize the business throughout the prepackaged Chapter 11 process.
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