Party City draws down $150 million from ABL revolver

By Rebecca Melvin

New York, March 27 – Party City Holdco Inc. has decided to access an additional $150 million from its $640 million senior secured asset-based revolving credit facility, according to a company release.

The company doesn’t have any immediate use for the funds, and it has made the withdrawal out of an abundance of caution due to uncertainty related to the Covid-19 pandemic.

Party City is an Elmsford, N.Y.-based supplier of decorated party goods.

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