On October 10 2025, Live Nation Entertainment, Inc. (NYSE: LYV) announced that it has priced a $1.3 billion aggregate principal amount of 2.875% convertible senior notes due 2031. The notes carry a semi‑annual interest rate of 2.875% and will mature on October 15 2031. The initial conversion rate is 4.4459 shares per $1,000 principal, equating to a conversion price of $224.93 per share—approximately a 50% premium to the $149.95 closing price on October 8 2025.
The company will use the net proceeds to redeem in full all of its 5.625% Senior Notes due 2026, repay outstanding amounts under its term loan B facility and the revolving credit facility under its existing senior secured credit facility, pay related fees and expenses, and fund general corporate purposes, including potential future venue investments or debt repayment. An additional $100 million of convertible notes may be offered to initial purchasers within a 13‑day period following the first issuance.
The offering is a private placement under Rule 144A and is not registered under the Securities Act, meaning it is available only to qualified institutional buyers. Live Nation’s announcement also outlines a broader refinancing strategy that includes a new senior secured credit facility with a term loan B of $1.3 billion, a $700 million delayed‑draw term loan A, a $1.3 billion multicurrency revolving credit facility, and a $400 million venue‑expansion revolving credit facility.
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