Brief: Party City Says On Aug 15, Units Elected To Not Make Interest Payment On 15.00% Pik/Cash Senior Secured First Lien Notes Due 2025
21/08/2023 11:05
Aug 21 (Reuters) - Party City Holdco Inc PRTYQ.PK :
* PARTY CITY - ON AUG 15, UNITS ELECTED TO NOT MAKE INTEREST
PAYMENT ON 15.00% PIK/CASH SENIOR SECURED FIRST LIEN NOTES DUE
2025
* PARTY CITY - UNITS IN TALKS WITH HOLDERS OF MAJORITY OF
FIRST
LIEN NOTES AND SECOND LIEN NOTES REGARDING DELEVERAGING AND
FINANCING TRANSACTIONS
* PARTY CITY - UNITS ENTERED FORBEARANCE AGREEMENT WITH
MAJORITY
HOLDERS OF FIRST LIEN NOTES, 10.00% PIK/CASH SENIOR SECURED
SECOND LIEN NOTES DUE 2026
Further company coverage: PRTYQ.PK
(Reuters.Briefs@thomsonreuters.com)
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