--- 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" generated_at: "2026-05-17T02:19:14.392288+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Live Nation enters $3.7B credit agreement with new facilities; $1.3B term loan B drawn to refinance debt ## Summary - 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). ## SEC filing metadata - 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 - event_type: debt - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 2.03, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001335258-25-000140 - JSON: https://secwatch.observer/filing/0001335258-25-000140.json - Plain text: https://secwatch.observer/filing/0001335258-25-000140.txt ## Key facts - Debt Financings 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. - Instrument: term loan - Principal: $700 million delayed draw term loan A facility - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent - Rate: Term SOFR plus 1.50% or an adjusted base rate plus 0.50% - Maturity: October 21, 2030 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm - Debt Financings 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. - Instrument: term loan - Principal: $1.3 billion term loan B facility - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent - Rate: Term SOFR plus 2.00% or an adjusted base rate plus 1.00% - Maturity: October 21, 2032 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm - Debt Financings 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. - Instrument: revolving credit - Principal: $400 million venue expansion revolving credit facility - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent - Rate: Term SOFR plus 1.50% or an adjusted base rate plus 0.50% - Maturity: October 21, 2030 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm - Debt Financings 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. - Instrument: credit facility - Principal: $1.3 billion multicurrency revolving credit facility - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent - Rate: Term SOFR plus 1.50% or an adjusted base rate plus 0.50% - Maturity: October 21, 2030 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1335258/000133525825000140/0001335258-25-000140-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.