Live Nation Entertainment (LYV) announces the pricing of $1B in convertible senior notes, with plans to use proceeds for various corporate purposes.

Live Nation Entertainment, Inc. (NYSE: LYV) (the "company") today announced that it priced its previously announced offering of $1.0 billion in aggregate principal amount of its 2.875% convertible senior notes due 2030 (the "Convertible Notes").

Live Nation Entertainment is the world's top live entertainment company known for its concert production and ticketing services.

Live Nation Entertainment (NYSE:LYV) on Tuesday announced plans to offer $1B in aggregate principal amount of convertible senior notes due 2030. The notes will accrue interest payable semi-annually in arrears and will mature on Jan.

Live Nation has a moderate level of debt, but its credit outlook has been under pressure amid an antitrust investigation.

Live Nation (NYSE: LYV) has officially revealed and priced $1 billion worth of convertible senior notes. The Ticketmaster parent just recently disclosed the sizable offering in a pair of announcements,

In connection with the Convertible Notes offering, the company expects to grant the initial purchasers the right to purchase, for settlement within a 13-day period beginning on, and including, the date the Convertible Notes are first issued,