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News Breaks
February 6, 2014
05:47 EDTSFXESFX Entertainment has no comment regarding lawsuit
SFX Entertainment issued the following statement regarding Paolo Moreno, et al, vs. SFX Entertainment, et al: “We will have no comment, other than to say we will vigorously defend this baseless lawsuit.”
News For SFXE From The Last 14 Days
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September 3, 2015
06:06 EDTSFXESFX Entertainment: Vendors demanding up-front payments, 'impacting liquidity'
SFX Entertainment said in a regulatory filing yesterday that, in a meeting with certain of its noteholders on September 1, SFX Entertainment disclosed that the downgrading to the company's corporate credit rating by rating agencies has contributed to short-term disruption to its business operations. Specifically, the company has been required to expend more of its cash reserves than planned on unforeseen live event expenses, including making upfront payments to more of its live event vendors, impacting the company's liquidity. Additionally, the company confirmed that its special committee of independent directors and management has received indications of interest regarding the potential acquisition of various components of the company's business. The committee and management are continuing to review these indications of interest, which are non-binding.

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