Business
LIVE NATION ENTERTAINMENT ANNOUNCES PRICING OF CONVERTIBLE SENIOR NOTES OFFERING
Live Nation Entertainment, Inc. (NYSE: LYV) (the "company") today announced that it priced its previously announced offering of $1.3 billion in aggregate principal amount of its 2.875% convertible senior notes due 2031 (the "Convertible Notes"). The Convertible Notes were priced at 100.000% of their principal amount. The company intends to use the net proceeds from the Convertible Notes offering, together with borrowings under the new senior secured credit facility, (i) to fund the redemption (t
About this update from Live Nation Entertainment, Inc.
[{"type":"text","content":"LOS ANGELES, Oct. 8, 2025 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV) (the "company") today announced that it priced its previously announced offering of $1.3 billion in aggregate principal amount of its 2.875% convertible senior notes due 2031 (the "Convertible Notes"). The Convertible Notes were priced at 100.000% of their principal amount. The company intends to use the net proceeds from the Convertible Notes offering, together with borrowings under the new senior secured credit facility, (i) to fund the redemption (the "planned redemption") in full of all of the company's 5.625% Senior Notes due 2026 (the "2026 notes"), (ii) to repay in full amounts outstanding under the company's term loan B facility and the revolving credit facilities under the company's existing senior secured credit facility, (iii) to pay related fees and expenses in connection with the uses described in clauses (i) and (ii), and (iv) for general corporate purposes, which may include funding future venues or the repayment or repurchase of certain of its outstanding indebtedness.","length":1137,"tagName":"p"},{"type":"image","alt":"Live Nation Logo (PRNewsfoto/Live Nation Entertainment)","displaySize":"","headline":null,"caption":"Live Nation Logo (PRNewsfoto/Live Nation Entertainment)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":209,"url":"https://media.zenfs.com/en/prnewswire.com/b1bad4d1c95d3d52f0388ba4fa5658e0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Y8r2vaX9Hulw5pO1_85dsg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b1bad4d1c95d3d52f0388ba4fa5658e0","width":400,"height":209}},"href":"https://mma.prnewswire.com/media/2486209/LNE_Aug_2024_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Convertible Notes will have an initial conversion rate of 4.4459 shares of the company's common stock per $1,000 principal amount of the Convertible Notes (equivalent to an initial conversion price of approximately $224.93 per share of the company's common stock). The initial conversion price represents a premium of approximately 50% to the $149.95 per share closing price of the company's common stock on The New York Stock Exchange on October 8, 2025.","length":4...