SFX Entertainment has secured $20 million in new financing for itself and certain of its operating subsidiaries, obtaining capital for its working and general corporate purposes.

According to a related 8-K filing, SFX Entertainment, SFXE Netherlands Holdings and certain of the company’s German and Dutch subsidiaries as guarantors, entered into a $20 million facility agreement with Catalyst Fund Limited Partnership V, as lender and Catalyst Media, as facility and security agent.

Interest under the facility is payable at the rate of 20% per annum. Interest is payable in arrears at the end of each calendar month.

SFX Entertainment is a global producer of live events and digital entertainment content focused exclusively on electronic music culture and other world-class festivals.