Anagram, Party City’s metallic-balloon supplier, has emerged from bankruptcy, following a sale of the business to the company’s bondholders, WSJ Pro Bankruptcy reported. Eden Prairie, Minn.-based Anagram renewed its supply contract with party supplies retailer Party City last week, Party City and Anagram court filings show, resolving a threat that has been hanging over the supplier for months of potentially losing one of its biggest customers. Bankruptcy Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern District of Texas last month approved the sale of Anagram to a group of the company’s bondholders, including Neuberger Berman, Littlejohn and Barings. Both Party City and its balloon-making subsidiary Anagram filed for bankruptcy in two separate cases last year. The two companies had separate boards and employees. Party City emerged from bankruptcy in October.
