Last $7.05 USD
Change Today -0.02 / -0.28%
Volume 139.9K
SFXE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

sfx entertainment inc (SFXE) Key Developments

SFX Entertainment Inc. Intends to Commence an Offering of New 9.625% Second Lien Senior Secured Notes Due 2019

SFX Entertainment Inc. announced that it intends to commence an offering of new 9.625% Second Lien Senior Secured Notes Due 2019 in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended. However, the commencement of the offering of New Notes will be subject to market conditions and there can be no assurance that such an offering will occur. The New Notes will constitute an additional issuance of SFX's 9.625% Second Lien Senior Secured Notes Due 2019 issued on February 4, 2014. The New Notes will be issued under the same indenture governing the Existing Notes and will have the same terms as the Existing Notes. The New Notes will be fully and unconditionally guaranteed, jointly and severally, by each of SFX's existing and future wholly owned domestic restricted subsidiaries as well as by its non-wholly owned domestic subsidiary SFX-Nightlife Operating, LLC. The New Notes and the guarantees will be secured by a second-priority lien on substantially all of SFX's and the Guarantors' assets, subject to certain exceptions and permitted liens.

SFX Entertainment, Inc. Enters into Amendment No. 1 to the Credit Agreement

On August 15, 2014, SFX Entertainment Inc. entered into Amendment No. 1 to the Credit Agreement, dated February 7, 2014, among the company, the lenders party thereto and Barclays Bank PLC, as administrative agent and collateral agent. Among other things, the Amendment modifies the Credit Agreement by amending the definition of 'Consolidated EBITDA' to allow the Consolidated EBITDA of SFX to be increased by incremental contributions to Consolidated EBITDA that SFX reasonably believes in good faith could have been realized or achieved from the guaranteed payments provided under one or more Qualified Marketing Agreements (as defined in the Credit Agreement) entered into after the period for which Consolidated EBITDA is being calculated and before the relevant date of determination had such Qualified Marketing Agreements been effective as of the beginning of such period and incremental contributions to consolidated EBITDA that the Company reasonably believes in good faith it will achieve from the end of the relevant period through December 31, 2015 from recoupments under an agreement with M&M Management Vennootschap BVBA ('M&M'), related to start-up investments made in connection with a live event in which M&M is a minority partner; provided that any contributions to Consolidated EBITDA from such recoupments, may not exceed $7.7 million less recoupments already reflected in the historical consolidated financial statements of the company. The Amendment also modified certain financial covenants in the Credit Agreement that require the company to comply with a maximum total leverage ratio and a minimum interest coverage ratio on a quarterly basis. Upon effectiveness of the Amendment, such financial covenants are only applicable to the company if any revolving loan, swingline loan or letter of credit obligation is outstanding as of the last day of any fiscal quarter.

SFX Entertainment Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

SFX Entertainment Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $81.958 million compared to $27.400 million a year ago. Operating loss was $38.245 million compared to $20.511 million a year ago. Loss before income taxes was $36.305 million compared to $24.882 million a year ago. Net loss attributable to the company was $43.681 million or $0.50 per share compared to $24.599 million a year ago. Total -- pro forma revenue was $82.095 million compared to $69.628 million a year ago. LBITDA was $14.935 million compared to $6.887 million a year ago. Total - pro forma adjusted LBITDA was $10.245 million compared to total - pro forma adjusted EBITDA of $2.105 million a year ago. For the six months, the company reported revenue of $115.284 million compared to $37.553 million a year ago. Operating loss was $79.020 million compared to $35.286 million a year ago. Loss before income taxes was $103.092 million compared to $44.510 million a year ago. Net loss attributable to the company was $107.252 million or $1.23 per share compared to $43.921 million a year ago. Total -- pro forma revenue was $121.219 million compared to $110.436 million a year ago. LBITDA was $31.546 million compared to $13.571 million a year ago. Total - pro forma adjusted LBITDA was $22.159 million compared to $3.405 million a year ago.

SFX Entertainment Inc. to Report Q2, 2014 Results on Aug 14, 2014

SFX Entertainment Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 14, 2014

SFX Entertainment Inc., Q2 2014 Earnings Call, Aug 14, 2014

SFX Entertainment Inc., Q2 2014 Earnings Call, Aug 14, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SFXE:US $7.05 USD -0.02

SFXE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Amazon.com Inc $340.02 USD -3.16
Apple Inc $102.25 USD +0.12
Live Nation Entertainment Inc $21.94 USD +0.07
Pandora Media Inc $26.68 USD -0.31
View Industry Companies
 

Industry Analysis

SFXE

Industry Average

Valuation SFXE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.5x
Price/Book 2.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SFX ENTERTAINMENT INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.