CD&R’s Multi-Color Poised to Miss Debt Payment Amid Lender Talks

Multi-Color Corp. is planning to skip an interest payment due Thursday on some of its borrowings as the troubled label maker seeks to buy more time to negotiate a series of looming debt deadlines.

The company — backed by Clayton Dubilier & Rice — plans to miss the coupon on its 10.5% bonds while it discusses reworking its debt burden with lenders, though no final decision has been made, according to people familiar with the matter. Multi-Color is also talking to creditors about the possibility of a fresh capital injection, the people said, asking not to be identified discussing private information.