SFX Entertainment to pay down revolver debt with note proceeds

By Sara Rosenberg

New York, Sept. 18 – SFX Entertainment Inc. plans on repaying outstanding borrowings under its revolving credit facility using proceeds from a $65 million add-on 9 5/8% senior secured second-lien notes offering, upsized from $50 million, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes, including funding acquisitions.

SFX is a New York-based producer of live events and entertainment content focused on the electronic music culture.

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