Brief: Party City Holdco Says Event Of Default Occurred Under Anagram Issuers' First Lien Notes On September 15, 2023

Party City Holdco

21/09/2023 22:57

Sept 21 (Reuters) - Party City Holdco Inc  PRTYQ.PK :
    * PARTY CITY HOLDCO INC - EVENT OF DEFAULT OCCURRED UNDER
ANAGRAM
ISSUERS' FIRST LIEN NOTES ON SEPTEMBER 15, 2023
    * PARTY CITY - ANAGRAM ISSUERS ARE IN DIALOGUE WITH HOLDERS
UNDER
FIRST LIEN NOTES, SECOND LIEN NOTES, ABL FACILITY LENDERS TO
ADDRESS EVENTS OF DEFAULT
    * PARTY CITY - ANAGRAM ISSUERS IN DISCUSSIONS WITH HOLDERS
OF OF
THEIR FIRST LIEN, SECOND LIEN NOTES REGARDING DELEVERAGING,
FINANCING TRANSACTIONS
    * PARTY CITY HOLDCO INC - PCHI IS NOT A PARTY TO, OR LIABLE
UNDER,
ANAGRAM ISSUERS' DEBT AGREEMENTS
    * PARTY CITY HOLDCO INC - EVENTS OF DEFAULT DO NOT IMPACT
PCHI'S
DEBT AGREEMENTS OR ACCESS TO LIQUIDITY

Further company coverage:  PRTYQ.PK 

 (Reuters.Briefs@thomsonreuters.com)