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

Reuters2023-09-22

Sept 21 (Reuters) - Party City Holdco Inc :

* 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:

(Reuters.Briefs@thomsonreuters.com)

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