Live Nation Entertainment announced it intends to offer $840.0 million in aggregate principal amount of senior notes due 2032 and €500.0 million in aggregate principal amount of senior notes due 2032 through a private placement. The company plans to use the net proceeds to fund the redemption in full of all of its outstanding 6.500% senior secured notes due 2027, to pay fees and expenses related to the offering, and for general corporate purposes, which may include the repayment or repurchase of certain of its indebtedness. The Notes will be guaranteed by the company and its existing and future domestic restricted subsidiaries that guarantee its senior secured credit facilities. Completion of the offering is subject to pricing and market conditions, and the Notes will be offered only to qualified institutional buyers under Rule 144A and, outside the United States, to non-U.S. persons in compliance with Regulation S.
Live Nation Entertainment IncLive Nation launches $840M and €500M senior notes offering to redeem 2027 notes and for general corporate purposes.
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