SFX Entertainment granted bankruptcy financing
SFX Entertainment has been granted initial approval to begin spending part of a $115 million bankruptcy loan.
A bankruptcy judge has granted the New York-based company access to $80m of the loan, which is being provided by junior bondholders that have worked with the firm on the terms of a restructuring agreement. It will be used to pay off senior lenders and provide $23m to cover operational expenses, reports the Wall Street Journal.
The EDM promoter, which is a ...
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowStart your 4 week Free Trial
Register for a Music Week trial to access this article.
Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.
Start your free trialSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
