Live Nation Entertainment has completed its previously announced of $1bn (£800m/€900m) in aggregate principle amount of 3.125% convertible senior notes due 2029. The offering size was increased from the original offering size of $850m in response to investor demand and after full exercise of the ‘greenshoe’ option. Proceeds from the transaction will be used to …
Live Nation increases convertible note offering to $900m
Live Nation Entertainment has increased its offering to $900m (£740m/€834m) in aggregate principal amount of its 3.125% convertible senior notes due 2029, a $50m rise on the previously announced $850m. A convertible note is a short-term debt that converts into equity and the promoter says it intends to use some of the net proceeds to …