Amscan Canada Inc. (previously known as Party City Canada Inc.)

Amscan Canada Inc., previously known as Party City Canada Inc., is the subject of an active Ontario Superior Court of Justice proceeding under the Bankruptcy and Insolvency Act, court file CV-25-00737796-00CL, commenced on March 10, 2025 with a receivership order. The financial record put before the court is that of the U.S. parent group rather than the Canadian company; Amscan Canada's own financial position is not stated. Party City Holdings Inc. and affiliated debtors reported estimated assets and estimated liabilities each in the range of USD $1,000,000,001 to $10,000,000,000 on a consolidated basis in their January 17, 2023 Chapter 11 petition, Case No. 23-90009. PCHI was in default as of December 10, 2024 after the ABL Agent instituted a $50 million discretionary reserve, and a forbearance agreement required the filing of Case No. 24-90621 by December 22, 2024.