SFX secures $20m in new financing
SFX Entertainment has secured $20 million in new financing, for "itself and certain of its operating subsidiaries".
Limited additional details are available ahead of the company filing a Form 8-K, but the capital, "for its working and general corporate purposes", follows SFX's attempts to stay afloat amid falling revenues in the new year.
Back in December, the EDM promoter hired investment bank Moelis & Co to look at ways of cutting the company's debt, including potential sales of non-strategic assets.
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
