Brief: Party City Entered Confidentiality Deal With Some Holders Of 8.75% Senior Secured First Lien Notes Due 2026

Party City Holdco

17/02/2023 23:27

Feb 17 (Reuters) - Party City Holdco Inc  PRTYQ.PK :
    * ON FEB 14 ENTERED CONFIDENTIALITY DEAL WITH SOME HOLDERS
OF
8.75% SENIOR SECURED FIRST LIEN NOTES DUE 2026
    * ON FEB 14 ALSO ENTERED CONFIDENTIALITY DEAL WITH SOME
HOLDERS OF
SENIOR SECURED FIRST LIEN FLOATING RATE NOTES DUE 2025
    * SEES ADJUSTED EBITDA STABILIZES & RETURNS TO DOUBLE-DIGIT
LEVELS
BY 2025
    * SEES REVENUE DECLINES IN 2023, WITH RETAIL COMPS AT
(-2.5%),
DRIVEN BY ANTICIPATED DECLINING MACRO-ECONOMIC OUTLOOK
    * SEES EBITDA STEADILY IMPROVES FROM $135 MILLION IN 2023 TO
$276
MILLION IN 2025- BUSINESS PLAN PRESENTATION

Further company coverage:  PRTYQ.PK