07:54 AM EDT, 10/08/2025 (MT Newswires) -- Live Nation Entertainment ( LYV ) said Wednesday that it is offering $1.3 billion of convertible senior notes due 2031.

The company said it will grant initial purchasers a 13-day option to buy up to an additional $100 million worth of notes.

Net proceeds from the offering, along with borrowings under a senior secured credit facility, will be used to redeem in full all of its 5.625% senior notes due 2026, and to repay outstanding loans under its term loan B facility and the revolving credit facility under its existing senior secured credit facility, Live Nation said.

Proceeds will also be used to pay fees and expenses related to the offering, and for general corporate purposes, the company said.

Shares of Live Nation were down 1.9% in recent premarket activity.