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by Stephen Carter
Oct 07, 2026 9:03 AM ET
Live Nation Entertainment Inc (LYV) approx $1.4bn equiv (US$/EUR) 144A/Reg S sr notes 2-part. Ba2/BB- (stable/stable). Via JPM (B&D)/Citi/BofA/Citizens/GS/HSBC/Miz/MS/MUFG/RBC/Scotia/TSI/USB/WFS jt books, Allen/LionTree as co-managers. No reg rights. New York law.
- US$730m (down from US$840)m sr notes due 2032 (6y). NC2.5 (MWC T+50bp). Equity claw: 2.5y 40%. CoC at 101. Denoms: 2kx1k. IPT: high 7s. Price talk: 7.25% area. Launched: US$730m at 7.125%.
- EUR600m (approx US$674m) (down from EUR500m (approx US$562m equivalent)) sr notes due 2032 (6y). NC2.5 (MWC B+50bp). Equity claw: 2.5y 40%. List TISE. CoC at 101. Denoms: 100kx1k. IPT: high 6s. Price talk: 6.25%-6.50%. Launched: EUR600m at 6.125%.
Did investor call at 10:30am NYT / 3:30pm UKT 10/06. Books closed at 9am NYT/2pm UKT 07-Oct. Reconfirm orders by 9:30am NYT / 2:30pm UKT 07-Oct. Pricing 07-Oct NY morning/UK afternoon. UOP: fully redeem the $1.2bn 6.50% sr sec notes due 05/15/27 (callable at 100) and $200m for GCP, including the repayment of other debt. Biz: The largest live entertainment company in the world, connecting over 805 million fans across all the Company’s concerts and ticketing platforms in 55 countries during 2025. HQ: Beverly Hills, CA.
DealRoadshow direct link: https://dealroadshow.finsight.com/e/LYVBONDS26. Entry code: LYVBONDS26. Available now.