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# SFXE Issues Clarification Of Reorganization Plan
- URL: https://www.hypebot.com/sfxe-issues-clarification-of-reorganization-plan/
- Published: 2016-06-21T11:09:10.000Z
- Updated: 2016-06-21T11:09:10.000Z
- Description: Troubled EDM conglomerate SFX Entertainment [SFXE] has issued a statement clarifying the announcement on Friday that has terminated its pre-Chapter 11 Restructuring Agreement and entered into direct talks with bondholders. Continue reading [https://www.hypebot.com/hypebot/2016/06/sfxe-issues-clarif
- Author: Bruce Houghton
- Tags: Live & Ticketing, Music Business, Startups & Funding, EDM, #wp, #wp-post, #Import 2026-01-21 10:22

[![SFX_logo](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c87183c4970b-150wi "SFX_logo")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c87183c4970b-popup?ref=hypebot.com)Troubled EDM conglomerate **SFX Entertainment** \[SFXE\] has **issued a statement** clarifying the announcement on Friday that has **[terminated its pre-Chapter 11 Restructuring Agreement](https://www.hypebot.com/sfx-exits-bankruptcy-unexpectedly-breaking-news/)** and entered into direct talks with bondholders and creditors.

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Jennifer E. Mercer, Senior Vice President of Epiq, which has been retained by SFX to lead the company's restructuring effort, said in a statement to Hypebot:

"SFX has not exited Chapter 11\. What has happened is that the Company’s Restructuring Support Agreement that it entered into with a group of bondholders prior to filing has been terminated. The Company will now continue to work with this same bondholder group and the creditors committee on a consensual plan of reorganization-this is the plan that describes creditor treatment and what the concern will look like upon emergence."

**MORE: [SFX Entertainment Terminates Chapter 11 Restructuring Agreement](https://www.hypebot.com/sfx-exits-bankruptcy-unexpectedly-breaking-news/)**