Party City Holdco Inc. Files Registration Statement for Proposed Initial Public Offering of Common Stock

ELMSFORD, N.Y., Jan. 21, 2014 /PRNewswire/ -- Party City Holdco Inc. (the "Company"), indirect parent company of Party City Holdings Inc. ("Party City Holdings"), today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock.

The offering will consist of shares to be sold by the Company. The Company intends to use the net proceeds from the proposed initial public offering principally to repay indebtedness. Certain selling stockholders may grant the underwriters the option to purchase additional shares, and the Company would not receive any proceeds from the sale of those shares.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective.  These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

Goldman, Sachs & Co. and BofA Merrill Lynch, along with Credit Suisse, Morgan Stanley, Barclays, Deutsche Bank Securities and J.P. Morgan will serve as bookrunners for the proposed initial public offering.  

The offering will be made only by means of a prospectus. Once available, a preliminary prospectus relating to this offering may be obtained from:  

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the common stock, nor shall there be any sale of the common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Party City Holdco Inc.

Party City Holdco Inc. designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic balloons, accessories, novelties, gifts, stationery and Halloween costumes.  Party City's decorated party supply products are available in over 40,000 retail outlets worldwide, as well as in its retail network of approximately 880 permanent party superstores and approximately 350 temporary Halloween locations.  The company also sells direct to customers through its e-commerce website, PartyCity.com. Party City Holdco Inc. is headquartered in Elmsford, NY.

Forward-Looking Statements

This press release contains forward-looking statements relating to the Company's proposed initial public offering, participation of selling stockholders in the offering and the Company's proposed use of proceeds.  These forward-looking statements involve risks and uncertainties, including the Company's ability to complete the initial public offering in its expected timeframe or at all, and the Company's ability to exercise discretion in the use of any initial public offering proceeds.

SOURCE Party City Holdco Inc.

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