8-K

                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) November 27, 2002




                              AMSCAN HOLDINGS, INC.

             (Exact Name of Registrant as specified in its charter)

            Delaware                       000-21827              13-3911462
 (State or other jurisdiction of   (Commission File Number)       (IRS Employer
         incorporation) No.)                                     Identification

          80 Grasslands Road, Elmsford, New York             10523
         (Address of Principal Executive Offices)          (Zip Code)






Registrant's telephone number, including area code: (914) 345-2020






Item 5. Other Events and Regulation FD Disclosure

     On November 27, 2002, Amscan Holdings, Inc. (the "Company") issued a press
release announcing that it had signed commitment letters with Goldman Sachs
Credit Partners L.P., which will enable the Company to refinance and
significantly extend the maturity of its senior debt facilities. Additionally,
the Company announced that it has decided not to pursue a public offering of
shares of common stock at this time given valuations currently available in the
equity markets. The Company's press release dated November 27, 2002 is
incorporated herein by reference and filed as an exhibit hereto.


Item 7. Financial Statements and Exhibits

     (a)  Not applicable

     (b)  Not applicable

     (c)  Exhibits

         Exhibit No.                     Description

              19          Press Release dated November 27, 2002 of Amscan
                          Holdings, Inc.



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                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              AMSCAN HOLDINGS, INC.

                              By:       /s/ Michael A. Correale
                                    ------------------------------------
                                        Michael A. Correale
                                        Chief Financial Officer

December 2, 2002



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                                  EXHIBIT INDEX

         Exhibit No.                     Description

              19          Press Release dated November 27, 2002 of Amscan
                          Holdings, Inc.

EX-19

FOR IMMEDIATE RELEASE

                                  PRESS RELEASE

                    Amscan to Refinance Senior Debt Facility;

                    Not Pursuing Public Offering at This Time

                                     Contact:  James M. Harrison (914) 784-4014
                                             Michael A. Correale (914) 784-4050


ELMSFORD, NEW YORK. November 27, 2002. Amscan Holdings, Inc. announced today
that it has signed commitment letters with Goldman Sachs Credit Partners L.P.,
which will enable it to refinance and significantly extend the maturity of its
senior debt facilities. Amscan had filed a registration statement with the
Securities and Exchange Commission on June 13, 2002 relating to a proposed
primary and secondary offering of shares of its common stock. The Company has
decided not to pursue a public offering of shares of common stock at this time
given valuations currently available in the equity markets.

Commenting upon the decision, Michael A. Correale, the Company's Chief Financial
Officer stated, "This refinancing will improve the maturity profile of our
current capital structure while preserving our flexibility to pursue a public
equity offering in due course."

Amscan designs, manufactures and distributes decorative party goods, including
paper and plastic tableware, accessories and novelties. Amscan also designs and
distributes home, baby, wedding and other gift items.

Any statements released by Amscan that are forward-looking are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Terms such as "intends," "anticipates," "expects," words of similar import
and variations on such words are intended to identify forward-looking
statements. Investors are cautioned that forward-looking statements necessarily
involve risks and uncertainties which are difficult to predict and actual
outcomes may materially vary from what is expressed or forecasted in such
forward-looking statements.