Party City Holdco has proposed a debt-for-equity swap with bondholders that would remove around $450 million in debt and raise $100 million in capital, the retailer said. The deal would give the bondholders a 19.9% equity interest in the retailer, along with two new bond issues totaling $285 million, with maturity dates in 2025 an 2026.
Party City plans new bondholder deal to pay down debt
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