Multi Color filed for Chapter 11 on Thursday, stepping into bankruptcy court in New Jersey with a restructuring plan designed to dramatically lighten its debt load and keep its presses running worldwide. That agreement backs a restructuring plan and includes $250 million in Chapter 11 financing, which Multi Color said will be enough to sustain operations throughout the bankruptcy process. A Global Footprint Under PressureHeadquartered in Atlanta, Multi-Color Corp. operates 90 production facilities spanning 25 countries, according to court filings. The company says it has the largest footprint of any labeling manufacturer in the world, producing labels for a vast range of retail products. That global reach, once a symbol of scale and strength, now underscores the stakes of the restructuring as the company attempts to steady itself amid heavy debt burdens.