Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Party City Bonds Tumble After Retailer Cuts Revenue Forecast

May 9, 2022, 1:29 PM

Bonds issued by Party City drop on Monday after the retailer reported poor earnings and cut its full-year revenue forecast, as it continues to contend with supply-chain disruptions.

  • The company’s 8.75% 1L bonds due February 2026 dropped ~5 cents on the dollar to 81.5 cents as of 9:23 a.m. in New York, according to Trace bond trading data
    • Shares fell as much as 27% in premarket trading Monday, according to data compiled by Bloomberg
  • EARLIER: Party City Plunges After Cutting Full-Year Revenue Forecast

To contact the reporter on this story:
Norah Mulinda in New York at nmulinda@bloomberg.net

To contact ...