NYSE:LYVEntertainment
How Live Nation’s (LYV) $1.3 Billion Convertible Notes Offering May Reshape Its Capital Structure
Earlier this week, Live Nation Entertainment completed a US$1.3 billion offering of 2.875% senior secured convertible notes due October 2031, with proceeds earmarked to redeem higher-cost debt and fund general corporate initiatives.
This convertible bond issuance, which carries a 50% conversion premium, introduces possible future shareholder dilution while signaling an effort to optimize the company's capital structure.
We'll examine how Live Nation's major convertible notes issuance, and...