Multi-Color Corporation Announces Confirmation of Plan of Reorganization
Indonesia, April 17 -- Company Expects to Emerge from Prepackaged Chapter 11 in Coming Weeks With Significantly Deleveraged Balance Sheet Including Approximately $3.8 Billion Reduction in Outstanding Funded Debt
Significant New Money Investment Will Establish Strong Liquidity Position to Support Long-Term Growth and Investment
Atlanta--(ANTARA/Business Wire)--Multi-Color Corporation ("MCC" or the "Company"), a global leader in prime label solutions, today announced that the United States Bankruptcy Court for the District of New Jersey (the "Court") has confirmed the Company's prepackaged plan of reorganization (the "Plan"). MCC expects to emerge from prepackaged Chapter 11 in the coming weeks.
Under the terms of the Plan, MCC will comp...
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