SFX Entertainment files for bankruptcy
Sillerman's EDM conglomerate has entered a 'restructuring support agreement' which will wipe off over $300 million in debt
News By | 1 February 2016
SFX Entertainment has filed for bankruptcy. As part of the ‘restructuring support agreement’ (RSA), which will wipe over US$300 million in debt from the company’s books, SFX bondholders will have their debt converted into equity in “a newly strengthened private company”.
SFX Entertainment has filed for bankruptcy.
As part of the ‘restructuring support agreement’ (RSA), which will wipe over US$300 million in debt from the company’s books, SFX bondholders will have their debt converted into equity in “a newly…
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