Multi-Color to launch $632 million, €500 million loans on Thursday

By Sara Rosenberg

New York, Jan. 27 – Multi-Color Corp. is scheduled to hold a lender call at 9 a.m. ET on Thursday to launch a $632 million covenant-lite term loan B due July 2026 and a €500 million covenant-lite term loan B due July 2026, according to a market source.

BofA Securities Inc. and Deutsche Bank Securities Inc. are the global coordinators and physical bookrunners on the debt, with BofA the left lead on the U.S. piece and Deutsche the left lead on the euro piece.

Price talk on the U.S. term loan is Libor plus 400 basis points with a 0% Libor floor and a par issue price, and talk on the euro term loan is Euribor plus 425 bps to 450 bps with a 0% floor and a par issue price, the source said.

The term loans have 101 soft call protection for six months.

Commitments are due at noon ET on Feb. 3, the source added.

Proceeds will be used to reprice existing U.S. and euro term loans.

Multi-Color is a Batavia, Ohio-based label maker.

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