Party City Holds Talks on Potential Bankruptcy Loan
- Company is negotiating with creditors regarding restructuring
- Helium shortage and higher costs have squeezed retailer
A Party City store in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Party City Holdco Inc. has sought funding for a potential Chapter 11 bankruptcy, according to people with knowledge of the preparations.
The company, which is preparing to enter bankruptcy protection within weeks, is sharing information with potential providers of debtor-in-possession financing, said the people, who asked not to be identified because the matter is private.