1. Multi-Color Corp. Chapter 11 Loan Approved, But Judge Blocks Controversial 'Roll-Up' Provision
A federal judge has greenlit label-maker Multi-Color Corp.'s access to the remainder of its $250 million bankruptcy loan, yet delivered a significant blow to its lenders by refusing to approve a contentious 'roll-up' provision. This feature, a common but controversial tool in Chapter 11 financing, would have elevated c...