ELMSFORD, N.Y., April 25, 2011 /PRNewswire/ -- Party City Holdings Inc. (the "Company"), parent company of Amscan Holdings, Inc. ("Amscan Holdings"), today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock. In connection with the filing, Party City Holdings Inc. changed its name from AAH Holdings Corporation.
The offering will consist of primary shares to be sold by the Company and secondary shares to be sold by some of the Company's existing stockholders. The Company intends to use net proceeds from the proposed initial public offering to repay indebtedness and for working capital and other general corporate purposes.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
Goldman, Sachs & Co. and BofA Merrill Lynch, along with Barclays Capital and Deutsche Bank Securities, will serve as bookrunners for the proposed initial public offering.
The offering will be made only by means of a prospectus. Once available, a preliminary prospectus relating to this offering may be obtained from:
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the common stock, nor shall there be any sale of the common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Party City Holdings Inc.
Party City Holdings Inc. designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic balloons, accessories, novelties, gifts and stationery. Party City Holdings Inc. also operates retail party goods and social expressions supply stores in the United States under the names Party City, The Paper Factory, Halloween City and Factory Card & Party Outlet.
This press release contains forward-looking statements relating to the Company's proposed initial public offering, participation of selling stockholders in the offering and the Company's proposed use of proceeds. These forward-looking statements involve risks and uncertainties, including the Company's ability to complete the initial public offering in its expected timeframe or at all, the Company's ability to exercise discretion in the use of any initial public offering proceeds, and which shareholders, if any, will want to sell shares in the offering.
SOURCE Party City Holdings Inc.