---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-009847"
form_type: "8-K"
ticker: null
cik: "0001592058"
company_name: "Party City Holdco Inc."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:02:32.324693+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Party City files Chapter 11 bankruptcy with $150M DIP and equity wipeout plan

## Summary
- Filed voluntary Chapter 11 petitions on Jan. 17, 2023; Debtors continue as debtors-in-possession.
- Restructuring Support Agreement with noteholders: secured notes equitized; existing common stock canceled with no recovery.
- DIP facility commitment of $150M from Consenting Noteholders subject to Bankruptcy Court approval.
- CEO Bradley Weston gets amended employment through Dec. 2023 with $1M cash retention bonus payable after emergence.
- Chapter 11 triggers defaults on $161.7M floating-rate notes, $750M 8.75% notes, $350M 6.125% notes, and $500M 6.625% notes.

## SEC filing metadata
- accession: 0001193125-23-009847
- form_type: 8-K
- cik: 0001592058
- company_name: Party City Holdco Inc.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1592058/000119312523009847/0001193125-23-009847-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1592058/000119312523009847/d643228d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-009847
- JSON: https://secwatch.observer/filing/0001193125-23-009847.json
- Plain text: https://secwatch.observer/filing/0001193125-23-009847.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: On January 17, 2023, Party City Holdco Inc. (the “Company”) and certain of its subsidiaries listed in Exhibit 99.1 (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/1592058/000119312523009847/0001193125-23-009847-index.htm
- Material Agreements
  Party City Holdco Inc. entered into Restructuring Support Agreement with certain holders of Secured Notes (effective 2023-01-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain holders of Secured Notes
  - Effective: 2023-01-17
  source text: On January 17, 2023, the Debtors entered into a Restructuring Support Agreement (together with all exhibits and schedules thereto, the “RSA”) with certain holders (collectively, the “Consenting Noteholders”) of (a) Party City Holdings Inc.’s senior secured first lien floating rate notes due 2025 (the “Floating Rate Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1592058/000119312523009847/0001193125-23-009847-index.htm

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