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SFX Entertainment Is $490 Million In Debt

SFX Entertainment has been in the news quite a bit lately and for good reason. After filing for Chapter 11 bankruptcy, getting rid of $300 million in debt and receiving $80 million in loans, SFX Entertainment still owes over $490 million to creditors.

Of the $490 million that SFX Entertainment owes, $23 million will go to Holland's Alda Events, $11 million to Totem OneLove Group and $10 million to Made Events. If that wasn't brutal enough, take a look at SFX‘ stock prices below:

SFX Sale Price

1. Mountain B.V. (Jeroen H.J. Preller)

Amount Owed: $11,682,500

2. Lewis Holdings B.V. (Jeroen H.J. Preller)

Amount Owed: $11,682,500

3. Paolo Moreno; Gabriel Moreno; Lawrence Vavra; John C. Hueston

Hueston Hennigan LLP

Amount Owed: $7,000,000

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4. React Presents, Inc.; Clubtix, Inc.; Lucas King; Jeffrey Callahan

Harlan D. Kahn, Esq.

Bronson & Kahn, LLC

Amount Owed: $5,829,000

5. Mike Bindra

Mitchell Lambert, Esq.; Robinson & Cole, LLP

Amount Owed: $5,000,000

6. Laurie DePalma

Mitchell Lambert, Esq.; Robinson & Cole, LLP

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Amount Owed: $5,000,000

7. Beggars Canyon Investments Pty Ltd., trustee of The Skywalker Family Trust

Amount Owed: $4,320,000

8. Nightlife Holdings, LLC

Amount Owed: $3,000,000

9. Winston Farm Limited Partnership

Amount Owed: $2,750,000

10. Hoeksema Holdings B.V.

Amount Owed: $2,511,465

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11. The Deyson Trust

Amount Owed: $1,800,036

12. The Raff Family Trust

Amount Owed: $1,800,036

13. The F. Cotela Family Trust

Amount Owed: $1,800,036

14. Paul Hastings LLP; William Sullivan, Esq.

Amount Owed: $1,758,105

15. Wesselink Holdings B.V.

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Amount Owed: $1,635,248

16. BDO; Thomas McLoughlin

Amount Owed: $1,156,295

17. The Robot Samba Trust

Amount Owed: $1,080,000

18. VistaJet US

Amount Owed: $1,013,974

19. Jan Willem van der Meer

Amount Owed: $792,173

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20. ID&T BVBA

Amount Owed: $641,440.27

21. A2 Live

Amount Owed: $540,138.64

22. Berco Beute

Amount Owed: $528,113

23. Steptoe & Johnson

Michael Rennock, Esq.

Amount Owed: $480,292.72

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24. American Express

Amount Owed: $450,000

25. Epic Tents

Amount Owed: $442,648.17

26. Joe Rascoff

Amount Owed: $360,000

27. NetSuite

Amount Owed: $347,591.21

28. PRS for Music (formerly MCPS)

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Amount Owed: $327,681.50

29. Postlight LLC

Amount Owed: $315,000

30. Facebook, Inc.

(David M. Serepca)

Amount Owed: $313,904.42

31. GAIA

Amount Owed: $309,645.48

32. Front Gate Ticketing Solutions LLC

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Amount Owed: $301,385.91

33. Mabey, Inc.

Amount Owed: $290,329.73

34. Sunbelt Rentals, Inc.

Amount Owed: $282,358.23

35. Nachtlab

Amount Owed: $276,648.17

36. Prisa Mexico

Amount Owed: $273,577.91

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37. Crowd RX

Amount Owed: $269,603.89

38. Galmiche Entertainment

Amount Owed: $257,573.45

39. Enterprise Rent a Car

Amount Owed: $250,645.68

40. Paxahau

Amount Owed: $222,436.21

H/T: Digital Music News / iQ

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