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Multi-Color Corporation Initiates Implementation of Restructuring Agreement
The restructuring reduces net debt from $5.9 billion to $2.0 billion and cuts annual cash interest by over $330 million, aiming to secure long-term growth and liquidity.
Summary by Enid News & Eagle
6 Articles
6 Articles
Multi Color Filed for Chapter 11 as Labeling Giant Seeks Lifeline
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. The Georgia-based global maker of retail product labels said the filing comes with an agreement to slash $3.9 billion from its roughly $5.9 Multi Color filed for Chapter 11 with a deal to cut $3.9B in debt and secure $250M in financing
Multi-Color Corp. Announces Restructuring
Multi-Color Corporation announced strategic restructuring actions to significantly reduce debt, strengthen liquidity, and support long-term growth, while continuing normal operations and maintaining uninterrupted service to customers, employees, and suppliers.
Coverage Details
Total News Sources6
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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