Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Party City Holdco Inc. incurred credit facility of $150.00 million with Ankura Trust Company, LLC at adjusted secured overnight financing rate with a one-month tenor rate plus 10.0% maturing June 19, 2023.
- Instrument
- credit facility
- Principal
- $150.00 million
- Counterparty
- Ankura Trust Company, LLC
- Rate
- adjusted secured overnight financing rate with a one-month tenor rate plus 10.0%
- Maturity
- June 19, 2023
- Event
- incurrence
Exact text from the filing
in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. On January 18, 2023, the Bankruptcy Court approved the Debtors proposed $150.00 million senior secured superpriority priming debtor-in-possession term loan credit facility (the “DIP Facility”) on an interim basis pursuant to the Interim Order for the DIP Facility
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Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Party City Holdco Inc. received a nyse delisting notice notice regarding other (rules 802.01D).
- Exchange
- nyse
- Notice
- delisting notice
- Rules
- 802.01D
Exact text from the filing
January 18, 2023, the Company was notified by the New York Stock Exchange (the “NYSE”) that, as a result of the Chapter 11 Cases, and in accordance with Section 802.01D of the NYSE Listed Company Manual, the NYSE has commenced proceedings to delist the Company’s common stock from the NYSE. Under NYSE delisting procedures, the Company has the right to appeal this determination. The Company has decided not to appeal this determination. Cautionary Note Regarding Forward-Looking Statements This Form 8-K includes “forward-looking statements” within the meaning of the Private Securities Litigation R
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Party City Holdco Inc. entered into DIP Credit Agreement with certain financial institutions; Ankura Trust Company, LLC valued at $150.00 million (effective 2023-01-19).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- certain financial institutions; Ankura Trust Company, LLC
- Value
- $150.00 million
- Effective
- 2023-01-19
Exact text from the filing
On January 19, 2023, certain of the Debtors entered into the credit agreement governing the DIP Facility along with certain financial institutions party thereto as lenders and Ankura Trust Company, LLC, as the administrative agent and collateral agent (the “DIP Credit Agreement"), and the closing of the DIP Facility occurred on the same day.
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