SFX Entertainment is reportedly considering filing for bankruptcy.
According to Forbes, GoldenTreeAsset Management assigned the troubled EDM promoter’s revolving credit facility to Catalyst Fund Limited Partnership V on December 31.
In a filing with the Securities and Exchange Commission, SFX has now said that it has hired FTI Consulting as a chief restructuring officer.
SFX CEO Robert FX Sillerman (pictured) withdrew his bid to buy the company and take it private in November.
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