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.