OHIO (From news reports) -- Multi-Color Corporation (MCC), a global label solutions provider, filed for Chapter 11 bankruptcy. The company has entered a restructuring support agreement with its major secured lenders to sail through the proceedings.
According to the filing, MCC requested the court to expedite its first-day motions. It is also seeking permission to consolidate the process of disclosure statement approval and the plan confirmation.
The company aims to move through the bankruptcy process on an accelerated timeline while continuing normal operations.
MCC also sought permission to receive debtor-in-possession financing and cash collateral to fund operations in the case. These and other first-day relief were to be heard on January 30, 2026.
Several short-term deadlines have been established in the case. Objections to multiple pro hac vice applications are to be filed by February 6, 2026.
The company has a period until May 29, 2026, in which it may solely file a Chapter 11 plan. The court will next consider approval of the disclosure statement and confirmation of the proposed plan, following standard notice and hearing procedures.
Multi-Color Corporation entered into a restructuring support agreement with holders of about 72% of its secured first-lien debt. Along with its equity sponsor, Clayton, Dubilier and Rice (CD&R), the company is to enter into the terms of a complete financial restructuring.
The contract forms the basis of MCC Chapter 11 pre-packaged filing and is targeted at ensuring the company has significantly decreased its debt liabilities.
With the proposed restructuring, MCC is projected to lower net debt levels from approximately $5.9 billion to $2.0 billion. Annual cash interest expenses are expected to fall to about $140 million in 2026, down from roughly $475 million. The transactions would also increase the long-term debt maturities of the company to the year 2033.
The reorganization includes up to $889 million in new common and preferred equity to support future growth and investment. After Chapter 11 emergence, MCC expects to have more than $500 million in available liquidity.
Company management said the agreement reflects strong support from both lenders and its sponsor. It is expected to enhance the capital structure of MCC, reinforce its operational trend, and allow it to further invest in product development and customer-oriented solutions.
