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Live Nation Announces Pricing Of $225 Million Private Notes Offering
Aug 15, 2012 (05:08 PM EDT)
LOS ANGELES, Aug. 15, 2012 /PRNewswire/ -- Live Nation Entertainment, Inc. ("Live Nation") (NYSE: LYV) today announced that it priced an offering of $225 million in aggregate principal amount of 7.00% senior unsecured notes due 2020 (the "Notes"). The Notes are guaranteed by certain subsidiaries of Live Nation. Interest on the Notes will be payable semiannually on September 1 and March 1 of each year, beginning on March 1, 2013.
Live Nation intends to use the net proceeds from the offering, together with a new $100 million term loan
The Notes will be offered through a private placement and will not be registered under the Securities Act of 1933, as amended, or any state securities laws. As a result, they may not be offered or sold in the United States or to any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Notes will be offered only to "qualified institutional buyers" under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act. This news release is neither an offer to sell nor a solicitation of an offer to buy the Notes, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Information found on Live Nation's website is not incorporated by reference.
SOURCE Live Nation Entertainment, Inc.