Debevoise Advised Clayton Dubilier & Rice In the Financing Aspects of Its $6 Billion Acquisition of Multi-Color Corporation and Fort Dearborn

5 November 2021

Debevoise & Plimpton LLP advised Clayton Dubilier & Rice (CDR) in securing approximately $5.29 billion in new and rollover financing for its $6 billion acquisition of two companies, Multi-Color Corporation (MCC) and Fort Dearborn. The new financing comprised a $1.66 billion and a €500 million term loan facility, a $200 million cash flow revolving credit facility, a $500 million asset-based revolving credit facility, a $500 million senior secured notes offering and a $460 million senior unsecured notes offering. In addition, the rollover financing was comprised of $700 million of existing senior secured notes and $690 million of existing senior unsecured notes.

The newly combined company has approximately $3 billion of annual revenue, serves many of the world’s most prominent brands across end categories and is the world’s largest prime label supplier by revenues. For more information, please see the company’s press release.

MCC, established in 1916, is a leader in global label solutions supporting a number of the world’s most prominent brands including leading producers of beverage, wine & spirits, food & dairy, personal care & beauty, home care & laundry, healthcare, durables & technical and automotive & chemicals.

The Debevoise team was led by finance partner Scott Selinger and capital markets partner Steven Slutzky and included finance partner Ryan Rafferty, counsel Zahra Sowder and associates Miju Damodar, Richard Hughes, Anna Jones and Henry Treble, and law clerks Shira Huberfeld, Alyssa Novoselac, Jordana Palgon, Kristen Scully and Hanson Yu, capital markets associates Jongmin Char and Chloe Orlando and law clerk Jacqueline de Jong.