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CD&R-backed Multi-Color secures court approval for $4bn debt overhaul
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CD&R-backed Multi-Color secures court approval for $4bn debt overhaul
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 eq…
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