Party City Holdco Inc. – Celebrations Industry Leader Files for Bankruptcy with $3bn of Debt, Executes RSA with 70% of First Lien Lenders; Lines Up $150mn of New Money DIP Financing; Has Already Begun

21 days ago Bankrupt Companies in the News

Davis Polk & Wardwell LLP is serving as legal counsel and Lazard is serving as investment banker to the Ad Hoc Group. Highlights823 Store "Celebrations Industry" Leader Files for Bankruptcy with over $3.0bn of Debt ($1.45bn Funded Debt)Debtors Cite Lingering Impact of COVID, Supply Chain Issues (Including as to Russian Helium), Less Festive Consumers and Inflationary PressuresExecutes Restructuring Support Agreement (the "RSA," Filed at Docket No. The Debtors also intend to utilize the tools provided to them in chapter 11 to right-size their lease portfolio. The RSA envisions a restructuring of the Debtors’ funded indebtedness and an infusion of new capital through an equity rights offering. Events Leading to the Chapter 11 FilingThe Debtors continue to suffer from the long term impacts of COVID.
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Government Spokesman on President’s participation in European Council deliberations

The first concerns a specific aspect of the wider exchange of views on the various aspects of the war in Ukraine. Bypassing of sanctions is an issue to which we should pay due attention, as it affects the effectiveness of EU restrictive measures. And unfortunately, in this regard, we are witnessing worrying practices by some countries, in particular candidate countries such as Turkey. The only way for peace to prevail is to adhere to international law and to the Charter of the United Nations. Nevertheless, not with arbitrary interpretations by those who seek to conceal their aspirations for revisionism.

3 months ago In-Cyprus

Queens Show Off 6 Canadian-MADE Looks For Halloween

A couple of your fave Canada’s Drag Race winners as well as contestants from the upcoming Canada’s Drag Race: Canada vs the World show off what they are wearing for Halloween this year…“When our drag superstars bring iconic characters to life, the results are bound to be spectacular. The queens from Canada’s Drag Race continue to bring their best to the table,” explains Mathieu Chantelois, Executive Vice-President of Marketing and Public Affairs at the Canada Media Fund, who heads up the MADE | NOUS campaign. For over five years, the MADE | NOUS campaign has shined a light on Canadian creators and content, including film, TV, and video games. In order to showcase some Canadian icon-inspired, fabulous looks for Halloween, the campaign has reunited Canada’s Drag Race winners as well as contestants from the upcoming Canada’s Drag Race: Canada vs the World, which will start airing on Crave at the end of November. (Photo credit: @Martinepoulinpro)Gisèle LullabyDans Le Role Dorval / Criquette RockwellLe Coeur A Ses RaisonsAnne Dorval is one of the most remarkable and multi-talented Canadian artists I know!

3 months ago IN Magazine

Tom Verlaine dead at 73: Punk guitarist for band Television dies – In Entertainment

Punk guitarist Tom Verlaine has died on the age of 73, the daughter of his ex Patti Smith has introduced. She wrote: ‘Dearest Tom. Thanks main the best way.’Jesse’s mom Patti Smith – an American singer, songwriter, poet, painter, and creator who was an influential member of the New York punk rock motion – was romantically linked to Tom up to now. Grasp.’Born in Denville, New Jersey on 13 December 1949 Tom’s actual title was Tom Miller, with Tom Verlaine being a stage title. He was the lead vocalist and guitarist for the New York Metropolis-based band Tv from 1973 to 2023.

11 days ago In Entertainment

Chinese spy balloon changes course, floating over central United States-Pentagon

“The public certainly has the ability to look up in the sky and see where the balloon is,” Ryder said. Senator Roger Marshall from Kansas said the spy balloon was over the northeastern part of his state and his staff was is in contact with law enforcement officials. President Biden must protect the sovereignty of the U.S.,” Marshall posted on Twitter. Chinese spy satellites carry similar sensors to what U.S. officials believe is on the spy balloon, raising questions about why Beijing would risk such a brazen act on the eve of a major diplomatic event. Still, the Chinese spy balloon has taken a flight path that would carry it over a number of sensitive sites, officials say.

5 days ago In-Cyprus

Elon Musk sanctions Kanye West for tweeting a picture of a swastika inside a Star of David – In Entertainment

Disgraced rapper Kanye West noticed his Twitter account suspended by Elon Musk on Thursday night time after he shared an image of a swastika interlaced with a Star of David. West’s account was initially locked for 12 hours, stopping him from tweeting, and later suspended. I like Hitler,’ mentioned West. That is simply factually incorrect,’ West mentioned in what was by some measure, his most anti-Semitic remarks so far. ‘Conservatives who’ve mistakenly indulged Kanye West should make it clear that he’s a pariah.

2 months ago In Entertainment

Vivienne Westwood handed over fashion empire to Jeff Banks and husband before she died – In Entertainment

Dame Vivienne Westwood handed over the reins of her £70million enterprise empire on the eve of her loss of life, MailOnline can solely reveal in the present day. Mr Banks is now a director of Vivienne Westwood Ltd, in accordance with a submitting to Firms Home on December 22. In July 2020, Dame Vivienne sounded a warning over an Assange ‘stitch-up’ whereas wearing canary yellow in a large hen cage. Stella Assange, whose wedding ceremony costume to the Australian was created by Dame Vivienne, paid tribute to her as a ‘pillar of the anti-establishment’. Sharing an image of Dame Vivienne, she wrote: ‘I am so unhappy to study of the passing of legendary designer and activist Dame Vivienne Westwood.

1 month ago In Entertainment

Details on FTX bankruptcy and missing funds

– Further details on the bankruptcy of crypto exchange FTX emerged on Saturday, even as peers and partners distanced themselves from the firm and sources told Reuters at least a billion dollars of customer funds on the exchange had vanished. In a follow-up tweet, FTX said subsidiaries LedgerX LLC, FTX Digital Markets, FTX Australia Pte Ltd, FTX Capital Markets, Embed Financial Technologies and Embed Clearing were not included in the Chapter 11 filings. People familiar with the matter told Reuters at least $1 billion of customer funds have vanished from FTX. Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Alameda, they said. Its CEO Brian Armstrong told CNBC crypto markets need regulation to avoid more washouts like FTX.

2 months ago In-Cyprus

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