US Bankruptcy: Multi-Color judge approves final DIP, but defers ruling on roll-up; kicks confirmation hearing to April13

US Bankruptcy Multi Color DIP financing

US Bankruptcy: Multi-Color judge approves final DIP, but defers ruling on roll-up; kicks confirmation hearing to April13

Kennedy Rose: Senior Reporter - LevFin Insights

26 March 2026

Download the Full Report to gain insights on:
  • How final court approval reshapes liquidity runway and near term payment risk.
  • What the judge’s roll up deferral signals for stakeholder leverage and settlement odds.
  • Why US Bankruptcy Multi Color DIP financing terms may influence creditor recoveries and plan outcomes.
  • How competing DIP proposals frame sub rosa plan arguments and negotiation pressure.
  • Where the revised April 13 confirmation schedule creates catalysts for cross holder strategy.

Multi-Color Corp. (MCC) won final approval of its $657.5mn debtor-in-possession (DIP) financing facility, but the judge presiding over the case declined to sign off on the final roll-up of prepetition debt under the DIP.

Judge Michael Kaplan of the US Bankruptcy Court for the District of New Jersey said he would defer granting final approval to any roll-up absent a settlement by and among the economic stakeholders in MCC’s case, a confirmed chapter 11 plan or a subsequent consideration by the court. The parties will return to court tomorrow (March 27) to address concerns raised by counsel for the secured ad hoc group providing the DIP funding over Judge Kaplan deferring approval of the roll-up.

Fill out the below form to view the full article:

Please note that we can only respond to valid business email addresses and the interview is already available to clients.

Recently Published

Research
AllCovenant-ReviewAutosUS CR Quarterly Q1SovereignsBasicLevFin-InsightsTelecommunicationsMay GMUSeptember GMUFinancialsCreditSights-ResearchUtilitiesCase StudiesUS LME in Focusshow-homeshow-initiation page-homeMunicipalsSLRsOctober GMUTMTAsset Management ResourcesPharmaceuticalsJune GMUAsia in Focus Preliminary 2027 OutlookEnergyResearchGaming/LeisureWebinar Related ResourceIndustrialsPoliticsMediaUS Special Sits OutlookConsumerTariffsSpecial SituationsEuro Autos: Barbarians at the GatesCorporatePrivate CreditAerospace/DefenseU.S. Autos Expert PanelCovenantsBondsReal EstateEU Special Sits OutlookStrategyPost PetitionServicesJuly GMUESGChemicalsIranAsia in Focus 2H26ESG-HomeEmerging MarketsBanksEM OutlookOutlooks-HomeTransportationConstructionEMEA CR Quarterly Q2TechnologyInsuranceAsia in focus webinarUS CR Quarterly Q2ManufacturingEMEA CR Quarterly Q1Global Credit for ME Investors
US Fallen Angel/Rising Star Monitor
US Fallen Angel/Rising Star Monitor: 3Q26

US Fallen Angel/Rising Star Monitor: 3Q26

October 9, 20261 min Read More
Cable One Financing Talks
US Special Situations: Cable One in financing talks with GTCR, lenders; extends MBI put deadline to Oct. 9 – Press Release

US Special Situations: Cable One in financing talks with GTCR, lenders; extends MBI put deadline to Oct. 9 – Press Release

October 9, 20261 min Read More
Lens on Loopholes
CR TrendLines Topical Report: Lens on Loopholes 3Q’26 Update: Share of Index Loans with J. Crew / Serta / Chewy (Full & Qualified) / Envision / Pick-Your-Poison Loopholes Across the Index

CR TrendLines Topical Report: Lens on Loopholes 3Q’26 Update: Share of Index Loans with J. Crew / Serta / Chewy (Full & Qualified) / Envision / Pick-Your-Poison Loopholes Across the Index

October 9, 20261 min Read More
Asia Credit Best Ideas: October 2026

Asia Credit Best Ideas: October 2026

October 8, 20261 min Read More

Stay in the loop with the latest credit insights direct to your inbox