Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Live Nation Entertainment, Inc. incurred revolving credit of up to $1,300 million with JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the lenders party thereto at term SOFR plus 1.75% per annum / base rate plus 0.75% per annum maturing November 16, 2028.
- Instrument
- revolving credit
- Principal
- up to $1,300 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the lenders party thereto
- Rate
- term SOFR plus 1.75% per annum / base rate plus 0.75% per annum
- Maturity
- November 16, 2028
- Event
- incurrence
Exact text from the filing
The Amendment provides for, among other things, a new $1,300 million revolving credit facility, which refinanced the Company’s existing $630 million revolving credit facilities and was drawn at closing to repay in full the Company’s outstanding $367.5 million delayed draw term A loan facility.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Live Nation Entertainment, Inc. amended Amendment No. 11 with JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent valued at $1,300 million (effective 2023-11-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent
- Value
- $1,300 million
- Effective
- 2023-11-16
Exact text from the filing
On November 16, 2023, Live Nation Entertainment, Inc. (the “Company”) entered into Amendment No. 11 (the “Amendment”) to its Credit Agreement, dated as of May 6, 2010, among the Company, the guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, JPMorgan Chase Bank, NA., Toronto Branch, as Canadian agent, J.P. Morgan Europe Limited, as London agent, and the lenders party thereto
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