LYV Private Placement

 Live Nation announced Aug. 8 that it’s going to raise funds with a $200 million private notes offering to investors.

The 7 percent senior notes will be offered as additional notes under an existing indenture, according to the company, due in 2020.

The company “intends to use the net proceeds from the offering, together with borrowings under its new senior secured credit facility, to repay in full borrowings under its existing senior secured credit facility, redeem all of its outstanding 8.125 percent senior notes due 2018 and pay related fees and expenses,” Live Nation said in a statement.

The notes will be offered only to “qualified institutional buyers.” Live Nation indicated during its Q2 earnings call Aug. 6 that a sale was forthcoming.