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Replies to post #770 on SFX Entertainment Inc. (fka SRXEQ)
pooch22nyc
10/18/16 7:29 PM
#773 RE: stallion #770
FX's initial bondholder-backed restructuring plan would have wiped out some $300 million in debt and taken the company private, but the deal fell apart in June. A revised plan, if approved, would still hand control of the company to senior creditors, including bondholders who extended $87.6 million in bankruptcy financing. But it no longer gives a stake in the reorganized company to its owners, including Chairman and Chief Executive Robert F.X. Sillerman.