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.
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 its majority owner, CD&R.
This transaction will significantly deleverage MCC's balance sheet, reducing its net debt load from approximately $5.9 billion to approximately $2.0 billion. The RSA also contemplates that CD&R and a group of MCC's existing secured lenders will provide an $889 million new common and preferred equity investment that will support long-term growth and investment.
Upon emergence, MCC will have more than $550 million of liquidity.
To implement the agreement with its lenders, MCC commenced a prepackaged Chapter 11 filing on January 29, 2026.
On February 2, MCC received approval for “first day” motions related to its prepackaged Chapter 11 filed on January 29, 2026. The approval affirms that the Company will operate in the normal course, pay all trade vendors and suppliers in full, and maintain a strong liquidity position during the restructuring.
MCC’s global operations will continue in the normal course throughout the prepackaged Chapter 11 process.
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.”
