LN Makes $250M Note Offer

 Live Nation Entertainment is offering $250 million aggregate principal of senior notes, subject to market and other conditions, in private placement to qualified institutional buyers, the company announced April 19.

Price, interest rate and other terms of the unsecured notes will be subject to negotiation between Live Nation and the initial buyer.

Live Nation will use the proceeds to repay credit facilities of Ticketmaster Entertainment, its wholly owned subsidiary, and convert its existing preferred stock of one of its subsidiaries into the right to receive a cash payment, the company said in a statement.