Party City Holdings entered into an amendment to its term loan credit agreement dated August 19, 2015 with Deutsche Bank AG New York Branch as administrative agent.

The amendment replaces the loans outstanding under the agreement with $1.226 billion of new class of term loans.

The interest rate margins for the replacement term loans are 2.00% for base rate loans (subject to a 1.75% floor on the base rate) and 3.00% for the LIBOR loans (subject to a 0.75% floor on the eurodollar rate).

Each of the applicable interest rate margins and applicable floors on the replacement term loans represents a 0.25% reduction from the applicable interest rate margins and applicable floors on the original replaced term loans.