Live Nation gets $835 million amended and restated credit facility

By Sara Rosenberg

New York, July 3 - Live Nation Inc. closed on an about $835 million amended and restated credit facility, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

JPMorgan and Bank of America acted as co-lead arrangers and bookrunners on the deal, which was completed on June 29.

The facility consists of an about $550 million six-year term loan priced at Libor plus 275 basis points and a $285 million five-year revolver priced at Libor plus 175 bps.

There is a $250 million accordion feature.

The facility allows for the formation of wholly owned subsidiaries of the company.

Live Nation is a Beverly Hills, Calif., live music and venue management company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.