SFX Entertainment files for bankruptcy
SFX Entertainment has officially filed for Chapter 11 bankruptcy and will see $300m worth of debt wiped from its books, according to a report in the Wall Street Journal.
The move comes around three weeks after it was reported that the company was considering filing for bankruptcy, and that GoldenTreeAsset Management assigned the troubled EDM promoter’s revolving credit facility to Catalyst Fund Limited Partnership V on December 31.
SFX secured $20 million in new financing for "itself and certain of ...
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
