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0.115729599649967 0.269525267993875 0.312841828921462 0.412163640341282 0.292277401006344 0.403194049442135 0.356158389849048 0.356158389849048
Stock impact report

SFX Secures $90 Million in New Financing

SFX ENTERTAINMENT INC (SFXE) 
Company Research Source: Business Wire
Includes $60 million in incremental funding and $30 million to refinance its revolving credit facility Growth capital comes from both new and existing investors, reflecting confidence in SFX’s initiatives NEW YORK--(BUSINESS WIRE)-- SFX Entertainment, Inc. (NASDAQ: SFXE) (the “Company”) announced today that it has secured $60 million in new financing and refinanced its existing $30 million revolving credit facility, securing capital for new initiatives and operating and working capital needs. The $90 million comes from both new and existing investors, with $60 million in private placement financing and $30 million in a revolving credit facility. “This round of financing from these sophisticated investors reflects a level of confidence and provides growth capital to support many of the exciting new initiatives SFX is undertaking,” said Robert F.X. Sillerman, the Company’s Chai Show less Read more
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