Amscan subsidiary talking to banks about waiver of non-compliance

By Sara Rosenberg

New York, March 31 - Amscan Holdings Inc.'s subsidiary Party City Franchise Group LLC is in talks with its bank group about a waiver of non-compliance with financial covenants as of Dec. 31, according to a 10-K filed with the Securities and Exchange Commission on Tuesday.

The company is also looking to amend financial covenants and certain other provisions contained in the term loan.

Amscan is an Elmsford, N.Y.-based designer, manufacturer and distributor of decorated party goods and party accessories.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.