This is a summary of an article originally published by Law360. Read the full article here.

Cole Schotz and Kirkland & Ellis are advising Multi-Color Corp. through its Chapter 11 restructuring in New Jersey, as the global label manufacturer seeks to reduce approximately $3.9 billion of its $5.9 billion in debt.

Multi-Color entered Chapter 11 after reaching a restructuring agreement with holders of nearly three-quarters of its first-lien debt. The company, which operates 90 facilities across 25 countries, is seeking to restructure its balance sheet while continuing its global operations.

The Cole Schotz team includes Michael D. Sirota, Warren A. Usatine and Felice R. Yudkin, who have advised clients across a number of significant Chapter 11 proceedings.

Sirota, co-chair of the firm’s Bankruptcy & Corporate Restructuring Department, has represented clients including WeWork and Bed Bath & Beyond. Usatine, a co-managing shareholder and co-chair of the Litigation Department, has worked on matters involving Rite Aid, BlockFi and WeWork. Yudkin has advised clients including David’s Bridal, BlockFi and WeWork.

A confirmation hearing in Multi-Color’s Chapter 11 case is scheduled for March 17.

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