Multi-Color to repay revolver, term loan borrowings via note proceeds

By Tali Rackner

Norfolk, Va., Nov. 12 – Multi-Color Corp. plans to repay outstanding borrowings under its senior secured U.S. revolving credit facility and repay and terminate its term loan facility with the proceeds from a $250 million senior note offering, according to a filing with the Securities and Exchange Commission.

Proceeds will also be used to pay fees and expenses in connection with the facilities and with the offering of the notes.

Multi-Color is a Batavia, Ohio-based label products company.

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