September 16, 2014 10:09 PM ET

Specialty Retail

Company Overview of Party City Holdings Inc.

Company Overview

Party City Holdings Inc., through its subsidiaries, designs, manufactures, contracts for manufacture, and distributes party goods. It offers a selection of decorated party goods with approximately 40,000 SKUs that range from paper and plastic tableware, decorations, and metallic and latex balloons, novelties, accessories, costumes, stationery, and gifts for everyday, themed, and seasonal events. The company also distributes its products to company-owned and franchised retail stores, other party goods retailers, dollar stores, mass merchants, independent card and gift stores, and other retailers and distributors. In addition, it operates specialty retail supply stores in the United States and...

80 Grasslands Road

Elmsford, NY 10523

United States

Founded in 1947

7,142 Employees



Key Executives for Party City Holdings Inc.

Chief Executive Officer
Age: 62
Executive Chairman and Director
Age: 62
Chief Financial Officer and Principal Accounting Officer
Age: 56
President of Party City Retail Group
Age: 44
Director of Internal Audit
Compensation as of Fiscal Year 2014.

Party City Holdings Inc. Key Developments

Party City Holdings Inc. and Party City Corporation Announces Second Amendment to Term Loan Credit Agreement

Party City Holdings Inc. and Party City Corporation modified the Borrowers' Term Loan Credit Agreement by entering into the Second Amendment to Term Loan Credit Agreement, which amends the Term Loan Credit Agreement, dated as of July 27, 2012 by and among the Borrowers, PC Intermediate Holdings Inc. Deutsche Bank Trust Company Americas, as administrative agent, the various lenders party thereto and the other agents. The Second Amendment replaces loans outstanding under the Credit Agreement immediately prior to the Second Amendment Effective Date with a new class of term loans in an aggregate principal amount of $1,111 million. The Amended Credit Agreement provides for a reduction in the applicable margins of all term loans. The applicable margin for ABR borrowings was lowered from 2.25% to 2.00%, and the applicable margin for LIBOR borrowings was lowered from 3.25% to 3.00%. The Amended Credit Agreement provides for two pricing options are an ABR for any day, a rate per annum equal to the greater of Deutsche Bank's prime rate in effect on such day, the federal funds effective rate in effect on such day plus 0.5%, the adjusted LIBOR rate plus 1% and 2.00% or the LIBOR rate, adjusted for certain additional costs, with a LIBOR floor of 1.00%, in each case plus the applicable margin. The Amended Credit Agreement provides for a soft call option, whereby the Borrowers will pay a 1.00% premium on the outstanding principal amount of New Term Loans prepaid, refinanced, substituted or otherwise replaced, or the terms of which are amended, in connection with certain repricing transactions occurring on or prior to the date that is six months after the Second Amendment Effective Date. Otherwise, the term loans may be voluntarily prepaid at any time without premium or penalty, other than customary breakage costs with respect to loans based on the LIBOR rate. Except for those terms described herein, the other terms of Credit Agreement, as amended, have not changed materially, including the maturity date, installment payments, guarantees and pledges of security, affirmative and negative covenants, and events of default.

Party City Holdings Inc. Announces Management Appointments

On January 10, 2014, Party City Holdings Inc. appointed James M. Harrison as its Chief Executive Officer, effective January 13, 2014. Harrison will continue to serve as President of the company. Harrison has served as the company’s President since December 1997. From March 2002 to July 2012, Harrison also served as the company’s Chief Operating Officer. From February 1997 to March 2002, Harrison served as the company’s Chief Financial Officer and Treasurer. In addition, Harrison currently serves as a director of the company. In connection with Harrison’s appointment as Chief Executive Officer, the company appointed Gerald C. Rittenberg, who previously served as the company’s Chief Executive Officer, as its Executive Chairman, effective January 13, 2014.

Party City Holdings Inc. Appoints Lawrence P. Molloy as Board of Director

The board of directors of Party City Holdings Inc. increased the size of the board from eight to nine directors and appointed Lawrence P. Molloy to the board. Mr. Molloy also will serve as chairman of the audit committee. Mr. Molloy will serve for a one-year term, renewable in accordance with Party City's charter and by-laws. Mr. Molloy was the Chief Financial Officer of PetSmart Inc. from September 2007 to June 2013.

Similar Private Companies By Industry

Company Name Region
Prince Automotive Group Inc. United States
Rodenbaugh's, Inc. United States
Euro Fashions United States
Palmetto57 Volkswagen United States
Rod's Ride On Powersports, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Party City Holdings Inc., please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at