{"schema_version":"secwatch.filing_event.v1","accession":"0001335258-25-000140","form_type":"8-K","ticker":"LYV","cik":"0001335258","company_name":"Live Nation Entertainment, Inc.","filed_at":"2025-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.180678+00:00","generated_at":"2026-05-17T02:19:14.392288+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Live Nation enters $3.7B credit agreement with new facilities; $1.3B term loan B drawn to refinance debt","bullets":["New multicurrency revolving facility of $1.3B, venue expansion revolver of $400M, and $700M delayed draw term loan A.","Term loan B facility of $1.3B fully drawn at closing to refinance existing obligations under prior credit agreement.","Revolver and delayed draw mature Oct 21, 2030; term loan B matures Oct 21, 2032.","Financial covenant: maximum net debt/EBITDA ratio starting at 6.75x stepping down to 5.25x over years.","Interest rates: Term SOFR + 2.00% for term B; SOFR + 1.50% for revolver/delayed draw (with stepdowns)."],"urls":{"canonical":"https://secwatch.observer/filing/0001335258-25-000140","json":"https://secwatch.observer/filing/0001335258-25-000140.json","markdown":"https://secwatch.observer/filing/0001335258-25-000140.md","text":"https://secwatch.observer/filing/0001335258-25-000140.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/lyv-20251021.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:19:14.392288+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"58f7ee2069249338663a8dc3e6a5a777435e02a2","claim":"Live Nation Entertainment, Inc. incurred term loan of $700 million delayed draw term loan A facility with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at Term SOFR plus 1.50% or an adjusted base rate plus 0.50% maturing October 21, 2030.","evidence_excerpt":"revolving credit facility (the “new venue expansion revolving facility” and together with the new multicurrency revolving facility, the “new revolving facilities”), (iii) a $700 million delayed draw term loan A facility (the “new delayed draw term loan A facility”), and (iv) a $1.3 billion term loan B facility (the “new term loan B facility” and together with","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$700 million delayed draw term loan A facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Rate","value":"Term SOFR plus 1.50% or an adjusted base rate plus 0.50%"},{"label":"Maturity","value":"October 21, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6f1cdfa496a449e6e3ddd5545f482a40161253e3","claim":"Live Nation Entertainment, Inc. incurred term loan of $1.3 billion term loan B facility with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at Term SOFR plus 2.00% or an adjusted base rate plus 1.00% maturing October 21, 2032.","evidence_excerpt":"amended and restated, supplemented or otherwise modified immediately prior to the effectiveness of the Credit Agreement, the “Existing Credit Agreement”), and provides for (i) a $1.3 billion multicurrency revolving credit facility (the “new multicurrency revolving facility”), (ii) a $400 million venue expansion revolving credit facility (the “new venue expansion","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.3 billion term loan B facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Rate","value":"Term SOFR plus 2.00% or an adjusted base rate plus 1.00%"},{"label":"Maturity","value":"October 21, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7394a720dfbb5428ddcdac05173b59418d54349c","claim":"Live Nation Entertainment, Inc. incurred revolving credit of $400 million venue expansion revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at Term SOFR plus 1.50% or an adjusted base rate plus 0.50% maturing October 21, 2030.","evidence_excerpt":"Agreement, the “Existing Credit Agreement”), and provides for (i) a $1.3 billion multicurrency revolving credit facility (the “new multicurrency revolving facility”), (ii) a $400 million venue expansion revolving credit facility (the “new venue expansion revolving facility” and together with the new multicurrency revolving facility, the “new revolving","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$400 million venue expansion revolving credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Rate","value":"Term SOFR plus 1.50% or an adjusted base rate plus 0.50%"},{"label":"Maturity","value":"October 21, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b1f852299c8891e6d30ffb621016431dfcf93bb3","claim":"Live Nation Entertainment, Inc. incurred credit facility of $1.3 billion multicurrency revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at Term SOFR plus 1.50% or an adjusted base rate plus 0.50% maturing October 21, 2030.","evidence_excerpt":"amended and restated, supplemented or otherwise modified immediately prior to the effectiveness of the Credit Agreement, the “Existing Credit Agreement”), and provides for (i) a $1.3 billion multicurrency revolving credit facility (the “new multicurrency revolving facility”), (ii) a $400 million venue expansion revolving credit facility (the “new venue expansion","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.3 billion multicurrency revolving credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Rate","value":"Term SOFR plus 1.50% or an adjusted base rate plus 0.50%"},{"label":"Maturity","value":"October 21, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}