Company Overview of Party City Corporation
Party City Corporation owns, operates, and franchises stores that sell party goods and supplies in the United States and Puerto Rico. It offers products in the areas of special occasions, holiday parties, Halloween costumes, entertainment and serving, color tableware, party favors and candies, balloons, invitations, weddings, and baby showers. The company also provides birthday supplies, such as girls birthday products, boys birthday products, first birthday, milestone birthday, birthday invitations, birthday party favors, birthday decorations, birthday balloons, pinates and games, and cake supplies. In addition, it offers costumes, including baby and toddler costumes, boys costumes, girls c...
25 Green Pond Road
Rockaway, NJ 07866
Founded in 1986
Key Executives for Party City Corporation
President and Member of Executive Committee
Senior Vice President of Operations
Chief Executive Officer of Amscan Holdings Inc
Chief Information Officer, Vice President and Member of Executive Committee
Compensation as of Fiscal Year 2014.
Party City Corporation Key Developments
Party City Holdings Inc. and Party City Corporation Announces Second Amendment to Term Loan Credit Agreement
Feb 28 14
Party City Holdings Inc. and Party City Corporation modified the Borrowers' Term Loan Credit Agreement by entering into the Second Amendment to Term Loan Credit Agreement, which amends the Term Loan Credit Agreement, dated as of July 27, 2012 by and among the Borrowers, PC Intermediate Holdings Inc. Deutsche Bank Trust Company Americas, as administrative agent, the various lenders party thereto and the other agents. The Second Amendment replaces loans outstanding under the Credit Agreement immediately prior to the Second Amendment Effective Date with a new class of term loans in an aggregate principal amount of $1,111 million. The Amended Credit Agreement provides for a reduction in the applicable margins of all term loans. The applicable margin for ABR borrowings was lowered from 2.25% to 2.00%, and the applicable margin for LIBOR borrowings was lowered from 3.25% to 3.00%. The Amended Credit Agreement provides for two pricing options are an ABR for any day, a rate per annum equal to the greater of Deutsche Bank's prime rate in effect on such day, the federal funds effective rate in effect on such day plus 0.5%, the adjusted LIBOR rate plus 1% and 2.00% or the LIBOR rate, adjusted for certain additional costs, with a LIBOR floor of 1.00%, in each case plus the applicable margin. The Amended Credit Agreement provides for a soft call option, whereby the Borrowers will pay a 1.00% premium on the outstanding principal amount of New Term Loans prepaid, refinanced, substituted or otherwise replaced, or the terms of which are amended, in connection with certain repricing transactions occurring on or prior to the date that is six months after the Second Amendment Effective Date. Otherwise, the term loans may be voluntarily prepaid at any time without premium or penalty, other than customary breakage costs with respect to loans based on the LIBOR rate. Except for those terms described herein, the other terms of Credit Agreement, as amended, have not changed materially, including the maturity date, installment payments, guarantees and pledges of security, affirmative and negative covenants, and events of default.
Party City Reportedly Eyes IPO
Nov 21 13
Party City Holdings Inc. is preparing for an initial public offering, according to people familiar with the matter. Thomas H. Lee is working with banks including Goldman Sachs Group Inc and Morgan Stanley on a potential IPO that could come in the first half of 2014, the people said. Thomas H. Lee, Goldman Sachs and Morgan Stanley declined to comment while Party City did not respond to requests for comment.
Party City Corporation Presents at Deutsche Bank's 21st Annual Leveraged Finance Conference, Oct-01-2013 10:50 AM
Jun 25 13
Party City Corporation Presents at Deutsche Bank's 21st Annual Leveraged Finance Conference, Oct-01-2013 10:50 AM. Venue: The Phoenician, Scottsdale, Arizona, United States.
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