Brief: Pchi Successfully Completes Financial Restructuring Process

Party City Holdco

12/10/2023 22:23

Oct 12 (Reuters) - Party City Holdco Inc  PRTYQ.PK :
    * PCHI SUCCESSFULLY COMPLETES FINANCIAL RESTRUCTURING
PROCESS
    * PARTY CITY HOLDCO INC - THROUGH ITS RESTRUCTURING, PCHI
HAS
SUBSTANTIALLY STRENGTHENED ITS CAPITAL STRUCTURE BY ELIMINATING
NEARLY $1 BILLION IN DEBT
    * PARTY CITY HOLDCO INC - COMPANY WILL MOVE FORWARD WITH
NEARLY
800 PARTY CITY LOCATIONS NATIONWIDE.
    * PARTY CITY HOLDCO INC - HAS COMPLETED ITS RESTRUCTURING
PROCESS
AND EMERGED FROM CHAPTER 11
    * PARTY CITY HOLDCO INC -BRAD WESTON ANNOUNCED HIS INTENTION
TO
STEP DOWN FROM HIS ROLE AS CEO, EFFECTIVE NOVEMBER 3, 2023,
    * PARTY CITY HOLDCO INC - APPOINTED SEAN THOMPSON, CURRENTLY
COMPANY'S PRESIDENT AND CHIEF COMMERCIAL OFFICER, AS INTERIM CEO

Source text for Eikon:  ID:nPn8PHDlCa 
Further company coverage:  PRTYQ.PK 

 ((Reuters.Briefs@thomsonreuters.com;))