Live Nation to redeem all 2.875% convertibles due 2027 via new debt

By Tali Rackner

Norfolk, Va., May 19 - Live Nation Entertainment, Inc. plans to redeem all of its outstanding 2.875% convertible senior notes due 2027 with the proceeds from a new debt offering, according to a press release.

Proceeds will also be used to pay related fees and expenses, to reinvest in the company's core business and for general corporate purposes, including potential acquisitions.

Live Nation is a West Hollywood, Calif.-based provider of live music concerts and live entertainment ticketing sales and marketing services.

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