Party City to repay all outstanding term loan borrowings due 2022

By Taylor Fox

New York, Feb. 9 – Party City Holdco Inc. plans to repay all outstanding borrowings under its term loan facility due 2022 using proceeds from its offering of $725 million in senior notes, according to a news release.

The proceeds will also pay related fees and expenses and be used for general corporate purposes, which may include debt repurchases.

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

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