SFX 'considering filing for bankruptcy'
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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