SFX Entertainment files for bankruptcy

Murray Stassen

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 ...

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