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SFX ENTERTAINMENT, INC FILES (8-K) Disclosing Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

January 31, 2014

Item 7.01 Regulation FD Disclosure. As disclosed below in Item 8.01 of this Current Report on Form 8-K (this "Current Report"), on January 31, 2014 , SFX Entertainment, Inc. , a Delaware corporation (the "Company"), announced that it upsized and priced $220.0 million aggregate principal amount of its 9.625% Second Lien Senior Secured Notes due 2019 (the "Notes") in connection with its previously announced private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering size contemplated by the Company's preliminary offering memorandum has been increased by $20,000,000 from $200,000,000 to $220,000,000 and the information in the preliminary offering memorandum (including, but not limited to, the financial information in the capitalization section) is deemed to have changed to the extent affected by the increase. In addition, the unaudited pro forma condensed combined financial information set forth in the preliminary offering memorandum was prepared using an assumed preliminary borrowing rate of 8.25% and an offering size of $200,000,000 . As a result, certain items in the unaudited pro forma condensed combined balance sheet and statement of operations have been impacted by the increase in the borrowing rate from the assumed preliminary rate of 8.25% to the final rate of 9.625% and the upsized offering, as well as other sections which contain information derived from such financial information. Upon the issuance of the Notes, a portion of the net proceeds will be used to cash collateralize any obligations to reimburse any drawings under the Company's previously disclosed existing letter of credit prior to the time such cash is deposited into escrow in connection with the closing of the a 40% interest in Rock World S.A. to replace such letter of credit. The Company will have the obligation to reimburse the issuing bank for any foreign currency fluctuations in excess of such cash amount. Item 8.01 Other Events. On January 31, 2014 , the Company issued a press release announcing that the Company upsized and priced $220.0 million aggregate principal amount of the Notes. The press release is attached as Exhibit 99.1 to this Current Report and incorporated by reference herein. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Notes will be offered only in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States in compliance with Regulation S under the Securities Act. This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Item 9.01 Financial Statements and Exhibits. (d) Exhibits No. Description 99.1* Press release, dated January 31, 2014 -------------------------------------------------------------------------------- * Filed herewith. 2 --------------------------------------------------------------------------------


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Source: Edgar Glimpses


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