Live Nation Entertainment Announces Pricing Of Private Notes Offerings
Summary
The Convertible Notes will have an initial conversion rate of 14.7005 shares of the companys common stock per $1,000 principal amount of the Convertible Notes (equivalent to an initial conversion price of approximately $68.02 per share of the companys common stock).On March 15, 2018, the company agreed to repurchase approximately $200.7 million principal amount of the existing convertible notes from a limited number of holders in privately negotiated transactions.The company refers you to the documents it files with the Securities and Exchange Commission, specifically the section titled "Item 1A.The company undertakes no obligation to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.The company intends to use the net proceeds from these offerings to repurchase its existing 2.5% convertible senior notes due 2019 (the "existing convertible notes") from time to time, to pay related fees and expenses and for general corporate purposes.