Live Nation Entertainment priced a $1.33 billion senior notes offering split between two currencies and two maturities, with both tranches issued at par.
The company sold $730 million of 7.125% senior notes due 2032 and €600 million of 6.125% senior notes due 2032. Both the dollar notes and the euro notes were priced at 100.000% of face value.
The new borrowing is set to replace existing debt: Live Nation said it plans to use the proceeds to redeem in full its outstanding 6.500% senior secured notes due 2027. It also expects to use part of the money for fees and expenses tied to the deal, with any remaining proceeds available for general corporate purposes, including possible repayment or repurchase of other indebtedness.
The notes are scheduled to close on October 15, 2026. Today the company's shares have moved -0.59% to a price of $170.33. For the full picture, make sure to review Live Nation Entertainment's 8-K report.
