LYV - Live Nation Entertainment prices $900M upsized senior notes offering

• Live Nation Entertainment ( NYSE: LYV ) priced its previously announced offering of $900M in aggregate principal amount of its 3.125% convertible senior notes due 2029.
• The offering size was increased from the previously announced offering size of $850M aggregate principal amount of convertible notes.
• The company intends to use a portion of the net proceeds from the convertible notes offering to fund the cost of entering into the capped call transactions.
• The company intends to use the remainder of the net proceeds from the convertible notes offering to effect the repurchase of a portion of its 2.5% convertible senior notes due 2023.
• The initial closing date of offering is expected to occur on January 12, 2023.

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