November 20, 2023
A Texas bankruptcy judge gave conditional approval Monday to foil balloon maker Anagram Holdings LLC's plan to solicit bids for its assets at auction, after the debtor resolved an objection from lender Silver Point Capital over proposed deadlines.
November 09, 2023
A Texas bankruptcy judge Thursday gave provisional approval to bankrupt foil balloon manufacturer Anagram Holdings LLC's debtor-in-possession financing package from its secured lenders, overruling objections from a second-lien lender that the debtor was trying to move too fast toward a sale.
November 08, 2023
Anagram, the world's leader in the manufacture of foil balloons and a subsidiary of recently bankrupt retailer Party City, floated into Chapter 11 Wednesday with approximately $210 million in debt and a plan to sell its assets to a group of lenders.