Subsequent Events	12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 27 — Subsequent Events In February 2021, the Company’s wholly-owned subsidiary Party City Holdings Inc. (“PCHI”), issued $750 million aggregate principal amount of senior secured notes due 2026 (the “8.75 Senior Notes”). The Notes and the related Notes guarantees were issued in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in accordance with Regulation S under the Securities Act. The Company intends to use the net proceeds from the offering to repay all outstanding borrowings under our term loan facility maturing 2022, to pay related fees and expenses and for general corporate purposes, which may include debt repurchases. The Notes will be guaranteed by each restricted subsidiary that guarantees PCHI’s senior credit facilities. The Notes and related guarantees will be secured by a first priority lien on substantially all assets of the issuer and the guarantors, except for the collateral that secures the senior credit facilities on a first lien basis, with respect to which the Notes and related guarantees will be secured by a second priority lien. The Notes and the related Notes guarantees have not been registered under the Securities Act or any state securities laws. The Notes may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws. Concurrent with the issuance of the Notes, the Company also reduced its ABL Facility to a maximum of $475,000 and extended the maturity to 2026. Refer to Note 6 – Disposition of Assets and Assets and Liabilities Held for Sale regarding the Company’s sale of a substantial portion of its international operations.

Subsequent Events

12 Months Ended

Dec. 31, 2020

Note 27 — Subsequent Events

In February 2021, the Company’s wholly-owned subsidiary Party City Holdings Inc. (“PCHI”), issued $750 million aggregate principal amount of senior secured notes due 2026 (the “8.75 Senior Notes”). The Notes and the related Notes guarantees were issued in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in accordance with Regulation S under the Securities Act.

The Company intends to use the net proceeds from the offering to repay all outstanding borrowings under our term loan facility maturing 2022, to pay related fees and expenses and for general corporate purposes, which may include debt repurchases.

The Notes will be guaranteed by each restricted subsidiary that guarantees PCHI’s senior credit facilities. The Notes and related guarantees will be secured by a first priority lien on substantially all assets of the issuer and the guarantors, except for the collateral that secures the senior credit facilities on a first lien basis, with respect to which the Notes and related guarantees will be secured by a second priority lien.

The Notes and the related Notes guarantees have not been registered under the Securities Act or any state securities laws. The Notes may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.

Concurrent with the issuance of the Notes, the Company also reduced its ABL Facility to a maximum of $475,000 and extended the maturity to 2026.

Refer to Note 6 – Disposition of Assets and Assets and Liabilities Held for Sale regarding the Company’s sale of a substantial portion of its international operations.