debt
confidence high
sentiment positive
materiality 0.55
Live Nation prices $730M and €600M senior notes due 2032, blended rate 5.89%, redeeming 6.500% notes due 2027
Live Nation Entertainment, Inc.
- Priced $730M of 7.125% senior notes due 2032 and €600M of 6.125% senior notes due 2032, both at 100.000% of face value.
- Closing scheduled for October 15, 2026; obligations guaranteed by Live Nation and existing/future domestic restricted subsidiaries that guarantee its senior secured credit facilities.
- Net proceeds to fund full redemption of the outstanding 6.500% senior secured notes due 2027, pay offering fees and expenses, and for general corporate purposes.
- Cross-currency swaps convert the $730M U.S. Dollar Notes into about €652M of euro-denominated fixed-rate obligations through October 2031, producing a blended interest rate of ~5.89%.