Amscan to redeem 8¾% notes due 2014 as part of Thomas H. Lee purchase

By Tali David

Minneapolis, June 5- Amscan Holdings, Inc. plans to redeem its 8¾% senior subordinated notes due 2014, according to an 8-K filed with the Securities and Exchange Commission.

The redemption is in connection with Party City Holdings Inc.'s agreement in which funds affiliated with Thomas H. Lee Partners, LP will acquire a majority stake in Party City, the parent of Amscan.

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

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