Multi-Color Corporation (NASDAQ:LABL) Files An 8-K Regulation FD DisclosureItem 7.01.
On September13, 2017, Multi-Color Corporation (“Multi-Color”) announced by press release that it intends to offer $480million aggregate principal amount of senior notes due 2025 (the “Notes”). The Notes are being offered to qualified institutional buyers to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and certain non-U.S. persons in accordance with Regulation S under the Securities Act (the “Notes Offering”).
The Company also announced that it will commence the syndication of a $400million senior secured term loan B facility which will be a component of the $1,050million senior secured credit facilities (the “Senior Secured Credit Facilities”) that the Company intends to negotiate and enter into in conjunction with the Constantia Labels acquisition. The Senior Secured Credit Facilities are expected to be comprised of (i)a $400million senior secured revolving credit facility, with a five-year maturity, (ii)a $250million senior secured term loan A facility, with a five year maturity, and (iii)the $400million senior secured term loan B facility, with a seven year maturity.
A copy of the press release regarding the Notes Offering and the Senior Secured Credit Facilities is attached as Exhibit99.1 hereto and is incorporated herein by reference.
Multi-Color is disclosing under Item 7.01 of this Current Report on Form8-K the information attached to this report as Exhibit99.2, which information is incorporated by reference herein. This information, which has not been previously reported, is being provided to potential lenders on September 14, 2017 in connection with the Senior Secured Credit Facilities.
Multi-Color is furnishing the information in this Current Report on Form8-K and in Exhibits99.1 and 99.2 to comply with RegulationFD. Such information, including the accompanying Exhibits99.1 and 99.2, shall not be deemed “filed” for any purpose, including for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 7.01 of this Current Report on Form8-K, including the accompanying Exhibits99.1 and 99.2, shall not be deemed incorporated by reference into any filing under the Exchange Act regardless of any general incorporation language in such filing.
Item 7.01 – Financial Statements and Exhibits
MULTI COLOR Corp ExhibitEX-99.1 2 d458205dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Multi-Color Corporation Announces a Proposed Private Offering of $480 Million of Senior Notes and Syndication of a $400 Million Senior Secured Term Loan B Facility CINCINNATI,…To view the full exhibit click here
About Multi-Color Corporation (NASDAQ:LABL)
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer. The Company also provides a range of print methods, including flexographic, lithographic, rotogravure, letterpress and digital, and in-house prepress services. The Company provides graphics and pre-press services for its customers at all of its manufacturing locations. These services include the conversion of customer digital files and artwork into proofs, production of print layouts and printing plates, and product mock ups and samples for market research.
