Party City Holdco Inc. – Celebrations Industry Leader Files for Bankruptcy with $3bn of Debt, Executes RSA with 70% of First Lien Lenders; Lines Up $150mn of New Money DIP Financing; Has Already Begun Rightsizing/Negotiations in Respect of Lease Portfolio
January 17, 2023 – Party City Holdco Inc. and 13 affiliate debtors (NYSE: PRTY; "PCHI" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 23-90005 (Judge TBA). The Woodcliff Lake, N.J.- based Debtors, “a global leader in the celebrations industry” (770 owned…