🎈New Chapter 11 Bankruptcy Filing - Anagram Holdings LLC🎈

Party City subsidiary pursues sale process; lenders poised to take control.

On November 8, 2023, balloon manufacturer Anagram Holdings LLC, Anagram International Inc., and Anagram International Holdings Inc. (“Anagram,” or collectively, the “debtors”) filed chapter 11 bankruptcy cases in the resurgent (lol) Southern District of Texas (No-Longer-Retired Judge Isgur).* Anagram Holdings LLC is — wait for it — 100%-owned by Party City Holdings Inc. (“Party City”), which recently had its own joyful experience with the bankruptcy bar.** It’s a bankruptcy party!! Anyone know where we can get the balloons?!?