Cincinnati: Multi-Color Corporation ('MCC' or the 'Company'), a global leader in prime label solutions, has announced strategic actions aimed at positioning the Company for long-term growth and investment, enhancing its ability to serve customers effectively.

According to BERNAMA News Agency, MCC has entered into a restructuring support agreement (the 'RSA') with holders of approximately 70% of its secured first lien debt along with its equity sponsor, CD and R. This agreement outlines a comprehensive financial restructuring intended to significantly deleverage MCC's balance sheet. The restructuring will reduce the Company's net debt from approximately $5.9 billion to around $2.0 billion. Additionally, MCC's annualized cash interest is expected to decrease from approximately $475 million to $140 million by 2026, representing a reduction of over $330 million. The long-term debt maturities will be extended to 2033 following the completion of these restructuring transactions.