---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-002340"
form_type: "8-K"
ticker: null
cik: "0001592058"
company_name: "Party City Holdco Inc."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:26:19.050601+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bankruptcy Court confirms Chapter 11 reorganization; old equity canceled, new stock issued to noteholders

## Summary
- Bankruptcy Court entered confirmation order on Sept 6, 2023 for Fourth Amended Joint Plan.
- Prepetition ABL claimants receive Takeback ABL loans or exit facility participation.
- Secured notes claims get 100% of new common stock (approx 13.37M shares) and rights offering up to $75M.
- Existing common stock (113.8M shares) canceled with no distribution to equity holders.
- New common stock not expected to be listed on any national securities exchange.

## SEC filing metadata
- accession: 0000950142-23-002340
- form_type: 8-K
- cik: 0001592058
- company_name: Party City Holdco Inc.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1592058/000095014223002340/0000950142-23-002340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1592058/000095014223002340/eh230396430_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-002340
- JSON: https://secwatch.observer/filing/0000950142-23-002340.json
- Plain text: https://secwatch.observer/filing/0000950142-23-002340.txt

## Key facts
- Distress & Bankruptcy
  Party City Holdco Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-01-17).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas
  - Petition: 2023-01-17
  source text: Party City Holdco Inc. (the “ Company ”) and certain of its subsidiaries (collectively, the “ Debtors ”) filed voluntary petitions (the “ Chapter 11 Cases ”) in the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”) seeking relief under Chapter 11 of Title 11 of the United States Code (the “ Bankruptcy Code ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1592058/000095014223002340/0000950142-23-002340-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.