DISTRESSED DAILY: Party City Bonds Battered Amid Supply Woes

Party City Holdco Inc.’s revenues are poised to take a hit as the retailer battles inflationary pressures and supply chain volatility.

The company, which reported quarterly results Monday, lowered its revenue forecast for year to between $2.15 billion and $2.23 billion, from as much as $2.3 billion. Comparable store sales for the quarter dropped 5.6%, while quarterly revenue was down about 1.5%.

Party City is also seeking consents from certain debt holders to issue a new $22 million intercompany loan to help it boost liquidity.

“Despite the continued macroeconomic factors impacting the business, we feel comfortable with our current ...