Live Nation extends revolving credit, delayed-draw loan maturities to October 2031
LYV•Live Nation Entertainment amended its credit agreement on October 15, extending revolving credit and delayed-draw term loan A maturities by one year to October 21, 2031. Commitments increased to $1.45 billion for its multicurrency revolving facility, $435 million for its venue expansion facility and $725 million for its delayed-draw term loan A facility.
1. Credit facility changes
Live Nation Entertainment amended its credit agreement with JPMorgan Chase as administrative and collateral agent. The amendment extends revolving credit facilities and the delayed-draw term loan A facility maturities by one year to October 21, 2031, and increases their commitments to $1.45 billion for the multicurrency revolving facility, $435 million for the venue expansion facility and $725 million for the delayed-draw term loan A facility. The facilities remain secured by substantially all personal property of the borrower and guarantors, subject to exceptions.
