Multi-Color Corp, the CD&R-backed label manufacturer, has received court approval for a restructuring plan that will eliminate nearly $4bn of debt and pave the way for its exit from Chapter 11 bankruptcy protection, according top a report by Bloomberg.
US Bankruptcy Judge Michael Kaplan approved the plan on Thursday, noting it had “overwhelming” support from lenders. The report cites court filings as showing that the agreement enables private equity sponsor Clayton, Dubilier & Rice (CD&a...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.