Multi-Color Corporation Successfully Completes Comprehensive Financial Restructuring

Company Emerges Stronger, Well-Positioned to Execute Long-Term Strategy With Significantly Deleveraged Balance Sheet

ATLANTA–(BUSINESS WIRE)–Multi-Color Corporation (“MCC” or the “Company”) today announced the successful completion of the Company’s financial restructuring process and emergence from its prepackaged Chapter 11 process.

The Company’s prepackaged restructuring reduced net debt by approximately $3.8 billion, reduced annualized cash interest expense by more than $330 million, and extended long-term debt maturities to 2033. More than 99% of voting stakeholders voted to accept MCC’s Plan of Reorganization. Upon emergence, MCC also received a significant $889 million new common and preferred equity investment from CD&R and a group of MCC’s existing secured lenders to support MCC’s long-term growth and investment.

“Today marks a significant milestone for MCC, as well as our customers, teammates, and partners who have supported us throughout this process,” said Hassan Rmaile, President and Chief Executive Officer of MCC. “Over the last several months, we continued to diligently serve and win clients, sharpened our operations, and now – with a significantly stronger balance sheet – we have the financial foundation needed to accelerate investing in the capabilities that make us the global partner of choice for innovative, premium labeling solutions across verticals. We enter this next chapter focused on driving profitable growth, ramping operational excellence, and investing in our people and culture as we work to deliver sustainable long-term value for all stakeholders.”

With the financial restructuring completed, CD&R remains MCC’s majority owner. CD&R is joined by a certain number of MCC’s existing lenders as minority equity holders.

Additional Information
For more information on MCC’s restructuring, including access to Court documents, please visit www.veritaglobal.net/MCC. Stakeholders with questions can contact Verita Global, the Company’s claims and noticing agent, at (866) 967-1788 (U.S./Canada toll free) or +1 (310) 751-2688 (International) or submit an inquiry to www.veritaglobal.net/MCC/inquiry.

Advisors
Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore Group L.L.C. is serving as investment banker, AlixPartners, LLP is serving as financial advisor, and FGS Global is serving as strategic communications advisor to the Company. Quinn Emanuel Urquhart & Sullivan LLP is serving as special counsel to LABL, Inc. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R, and Moelis & Company LLC is serving as its financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors.

About MCC
Multi-Color Corporation (MCC) is a global leader in prime label solutions, providing innovative and sustainable solutions to some of the world’s most recognizable brands across a broad range of consumer-oriented end categories. MCC is committed to delivering the world’s best label solutions for their customers to build their brands and add value to the communities in which they operate.