Party City Holdco Inc. filed for Chapter 11 bankruptcy protection late Tuesday in the U.S. Bankruptcy Court for the Southern District of Texas, according to...
Party City Holdco Inc.
filed for Chapter 11 bankruptcy protection late Tuesday in the U.S. Bankruptcy Court for the Southern District of Texas, according to a regulatory filing. The company has a debtor-in-possession, or DIP loan, of $150 million to enable it to continue operations while it reorganizes. The company has a pre-arranged restructuring support agreement with a bondholder group that holds more than 70% of the company’s senior debt.
filed for Chapter 11 bankruptcy protection late Tuesday in the U.S. Bankruptcy Court for the Southern District of Texas, according to a regulatory filing. The company has a debtor-in-possession, or DIP loan, of $150 million to enable it to continue operations while it reorganizes. The company has a pre-arranged restructuring support agreement with a bondholder group that holds more than 70% of the company’s senior debt.
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