Live Nation Sets Note Offering
July 10, 2007 at 5:44 AM (PT)
LIVE NATION has announced that it will offer a private placement of $200 million in unsecured convertible senior notes due 2027. As part of the offering, the company intends to grant the initial purchasers a 13-day option to purchase up to an additional $20 million aggregate principal amount of the notes to cover any overallotments.
Proceeds will be used to repay current debt and for general business purposes.