top of page

Party City back in Creditor Talks amid Cash Crunch

Party City has reopened talks with creditors to address its liquidity needs, according to a Bloomberg report that cited anonymous sources. The news service also noted that market prices for some of Party City’s bonds fell following its initial report of creditor talks. Fitch and Moody’s have both downgraded Party City in recent months. In cutting the company’s credit rating, Fitch analysts pointed to a debt maturity next year as well as “rapid deterioration” in Party City’s operations and liquidity, and they called its capital structure “likely untenable.”

Want to read more?

Subscribe to to keep reading this exclusive post.

Recent Posts

See All

Proton Green Q1'24 Results: Running Low on Cash

Proton Green generated helium revenue of US$222k in Q1’24 through the sale of 459mcf of helium, implying a price of US$484/mcf. Despite this, the company faced higher costs, with operating costs at US

Royal Helium Q1'24 Results; ~1mmcf Helium Sold

Royal Helium reported its Q1'24 results after an active quarter. The company reported helium revenues of C$819k (or ~US$600k), which it sold at its previously agreed contract price of US$625/mcf. Alth


Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page