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NO MORE PARTIES. A CHAIN OF HOLIDAY STORES ON THE VERGE OF BANKRUPTCY

... capitalization of Party City Holdco Inc., which operates a network of 750 stores in the USA, Canada and Mexico, is about $41 million. But recently, the organization has faced... ... and the growth of debt obligations. The company has started preparing for a possible bankruptcy, which may result in a change of owners. Creditors of Party City (including... ... Capital Group Cos Inc., Silver Point Capital) have begun negotiations on a possible restructuring. The result of this may be the transition of the retailer under the control...

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