NEW YORK (Standard&Poor's CreditWire) July 8, 1999--Standard&Poor's today assigned its single-'B'-plus rating to SFX Entertainment, Inc.'s proposed $1.1 billion senior secured credit facilities, comprising a $250 million revolving credit facility due 2005, a $250 million multi-draw term loan A due 2005, and a $600 million term loan B due 2006.Proceeds will be used to repay the existing bank facilities and for pending and potential future acquisitions. At the same time, Standard&Poor's affirmed the single-'B'-plus corporate credit rating and single-'B'-minus subordinated debt rating for SFX. The outlook is stable. Ratings reflect SFX's improving positions in the live entertainment and sports marketing and management businesses, including progress in vertical and horizontal business integration. Offsetting these factors
