secwatch.observer — SEC 8-K summary
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Issuer:     Party City Holdco Inc. (—)
CIK:        0001592058
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001193125-23-012057
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 2.03, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Party City files Chapter 11, gets $150M DIP, faces NYSE delisting
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- Filed Chapter 11 on Jan 17, 2023; interim court approval for $150M DIP facility on Jan 18.
- Initial draw of $75M on Jan 19; second $75M draw contingent on final court order.
- DIP bears SOFR+10% or base+9%; commitments expire June 19, 2023, may extend 30 days.
- NYSE started delisting proceedings under Section 802.01D; company will not appeal.
- Proceeds used for admin costs, case expenses, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1592058/000119312523012057/0001193125-23-012057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1592058/000119312523012057/d454174d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-012057

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