Thursday, December 5, 2013

Multi Packaging Solutions, Inc. Announces Amendments to its Consent Solicitation Relating to its Senior Notes

NEW YORK - Thursday, December 5th 2013 [ME NewsWire]

(BUSINESS WIRE)-- Multi Packaging Solutions, Inc. (“MPS”) announced today that it is seeking consent to proposed amendments, as revised by new proposed amendments, to certain provisions of the indenture (the “Indenture”) governing its 8.500% Senior Notes due 2021 (the “Notes”), as well as an increased consent fee as set forth below. The new proposed amendments are in addition to and supplement the proposed amendments in the previously announced consent solicitation related to the Notes.

MPS has increased the consent fee payable to consenting holders from $10.00 for each $1,000 in principal amount of the Notes for which consents are validly delivered and unrevoked on or prior to the expiration time to $20.00 for each $1,000 in principal amount of the Notes for which consents are validly delivered and unrevoked on or prior to the expiration time, as set forth below.

The additional proposed amendments would further revise Section 4.09(b)(i) of the Indenture related to permitted indebtedness to reduce the amount of dollar-equivalent debt thereunder (based on current exchange rates). The proposed amendments, as revised, shall constitute the “Proposed Amendments” under the consent solicitation statement, dated November 21, 2013, previously sent to noteholders (the “Consent Solicitation Statement”). MPS has provided a supplement to the Consent Solicitation Statement to the noteholders, dated December 4, 2013 (“Supplement No. 1”), detailing the revised Proposed Amendments.

The adoption of the Proposed Amendments requires the consent of holders of at least a majority in principal amount of the then outstanding Notes voting as a single class.

The consent solicitation is being made solely to qualified institutional buyers who are noteholders of record as of 5:00 p.m. on November 20, 2013 and on the terms and subject to the conditions set forth in the Consent Solicitation Statement. MPS has also extended the solicitation period. The solicitation will now expire at 5:00 pm New York time on December 12, 2013. MPS may, in its sole discretion, terminate, extend or amend the consent solicitation at any time as described in the Consent Solicitation Statement.

Copies of the Consent Solicitation Statement, including Supplement No. 1, and other related documents may be obtained from D.F. King & Co., Inc. by calling toll free in the US at (800) 829-6551, or for banks and brokers at (212) 269-5550, or by email at Holders of the Notes are urged to review the Consent Solicitation Statement for the detailed terms of the consent solicitation and the procedures for consenting to the Proposed Amendments. Barclays and Credit Suisse are acting as Joint Solicitation Agents. Any persons with questions regarding the consent solicitations should contact Barclays toll free in the US at (800) 438-3242 or collect at (212) 528-7581.

This announcement is for information purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security. No recommendation is being made as to whether holders of Notes should consent to the Proposed Amendments. The solicitation of consents is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or “blue sky” laws.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the success of the solicitation and other information and statements that are not historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include the receipt and timing of necessary consents from bond holders and the receipt and timing of necessary regulatory approval, as well as other factors. These forward-looking statements speak only as of the date of this release. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

About Multi Packaging Solutions

MPS is a leading, global provider of value-added packaging solutions to a diverse, blue chip customer base across the healthcare, consumer and multi-media end markets. MPS provides its customers with an extensive array of print-based specialty packaging, including premium folding cartons, labels and inserts across a variety of substrates and finishes. MPS has 16 manufacturing locations in the United States and Europe and employs approximately 2,500 people.


Multi Packaging Solutions


Erin Willigan, 646-885-0157

Vice President, Marketing


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