Multi-Color to repay senior secured ABL facility via new notes

By Marisa Wong

Los Angeles, March 28 – Multi-Color Corp. plans to repay the borrowings outstanding under its senior secured asset-based loan facility using proceeds from an offering of new senior secured notes, according to a press release.

The company announced an offering of $300 million of notes due 2028 secured by LABL Acquisition Corp. and Multi-Color’s direct and indirect wholly owned U.S. restricted subsidiaries.

Funds from the new notes will also be used to fund a potential acquisition and for general corporate purposes, which may include repaying, redeeming or repurchasing outstanding debt.

The label manufacturer is based in Chicago.

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