LOS ANGELES (CelebrityAccess) Live Nation Entertainment has announced it intends to issue $500 million in aggregate principal amount of convertible senior notes due 2023 and $300 million in aggregate principal amount of senior notes due 2026.
The company expects to grant the initial purchasers a 309-day option to buy an additional $50 million aggregate principal amount of such Convertible Notes to cover over-alltoments. The Convertible Notes will mature on March 15, 2023, according to a statement, unless repurchased or converted in accordance with their terms prior to such date.
The senior notes will be guaranteed by certain of the company’s existing and future domestic subsidiaries and will mature March 15, 2026.
