Live Nation draws $400M term loan A under amended credit facility

Live Nation Entertainment, Inc.

Drew $400M term loan A (previously undrawn) to add to balance sheet; funding expected Sep 8, 2021.
Proceeds used for general corporate purposes; interest at Eurodollar+2.25% or base+1.25%.
Quarterly principal payments: 0.625% of original amount for first 3 years, 1.25% for last 2; maturity Oct 2024.
Drawdown prevents permanent expiration of lender commitments under the facility.

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