Catalyst Capital provides $20 mln facility to SFX Entertainment
SFX Entertainment Inc (NASDAQ: SFXE), a New York-based producer of live events and digital entertainment content, recently secured US$20 million in financing. A subsequent filing with the U.S. Securities and Exchange Commission said the investor is Catalyst Fund LP V, the fifth distressed-for-control fund of Canadian private equity firm Catalyst Capital Group. The funding is a credit facility that will be used by SFX for working and general corporate purposes. Founded in 2011, SFX operates a group of business brands focused on electronic music culture and festivals held around the world. Catalyst's Fund V raised $2 billion in a final close last October.
22 January 2016•3 mins read
