Multi-Color Corp. Announces $250 Million Private Offering of Senior Notes Due 2022
CINCINNATI—November 13, 2014—Multi-Color Corp. announced that it intends to privately offer $250 million in aggregate principal amount of senior notes due 2022.
The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons outside of the United States under Regulation S under the Securities Act.
Multi-Color intends to use the net proceeds from the offering of the notes to (i) repay outstanding borrowings under its senior secured U.S. revolving credit facility, (ii) repay outstanding borrowings under, and terminate, its term loan facility and (iii) pay fees and expenses in connection therewith and with the offering of the notes. Multi-Color currently intends to enter into an amended and restated revolving credit facility concurrently with, and as a condition to, the closing of the offering of the notes.
The notes to be issued in the offering have not been registered under the Securities Act, or any applicable state laws. Accordingly, the notes may not be offered or sold in the United States or to U.S. persons without registration or an applicable exemption under the Securities Act and applicable state securities laws.
About Multi-Color Corp.
Cincinnati-based Multi-Color Corp. (NASDAQ: LABL), established in 1916, is a leader in global label solutions supporting a number of the world's most prominent brands including leading producers of home and personal care, wine and spirit, food and beverage and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut and Stack, In-Mold, Shrink Sleeve and Heat Transfer. MCC employs over 3,350 associates across 32 operations globally and is a public company trading on the NASDAQ Global Select Market (company symbol: LABL).