Live Nation Closes $730 Million, €600 Million Debt Offering and Expands Credit Lines

Live Nation closed offerings of $730 million of 7.125% senior notes and €600 million of 6.125% senior notes due 2032, with proceeds intended to redeem its 6.500% senior secured notes due 2027 and fund fees and general corporate purposes. The company also amended its credit agreement with JPMorgan Chase Bank and participating lenders, extending certain facilities to 2031 and increasing commitments to $1.45 billion for its multicurrency revolver, $435 million for its venue expansion revolver and $725 million for its delayed-draw term loan A; cross-currency swaps reduce the notes’ effective weighted average interest rate to approximately 5.89%.