The financing follows an announcement that SFX defaultd on a $10.8 million loan.
SFX Entertainment's financial saga took a couple turns this week when the company followed up a loan default with the announcement of new financing.
The troubled EDM promoter revealed Friday it raised $20 million "for itself and certain of its operating subsidiaries, obtaining capital for its working and general corporate purposes." Those were the only details released. More information will be given in an SEC filing that had not been released by midday Friday.