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:
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
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
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
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.
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
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
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)
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
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
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