SFX Offers Second Lien Notes

Robert Sillerman’s SFX is doubling down on debt with the launch of the private offering of $200 million in second lien notes due in 2019.

The company, which filed for a $175 million IPO last year, plans to use net proceeds to repay existing debt, finance acquisitions and pay related fees and expenses.

The offering apparently includes one note of particular interest – Sillerman won’t serve as the guarantor of the debt.

A spokesperson for SFX told TheStreet.com “the new notes will not be guaranteed by Mr. Sillerman,” adding Barclays will lead the offering with Deutsche Bank, Jefferies and UBS as joint bookrunners.