Live Nation has a moderate level of debt, but its credit outlook has been under pressure amid an antitrust investigation.

Live Nation Entertainment (NYSE:LYV) has priced its offering of $1B in aggregate principal amount of its 2.875% convertible senior notes due 2030 at 100.000% of their principal amount. The convertible notes will accrue interest at 2.

In connection with the Convertible Notes offering, the company expects to grant the initial purchasers the right to purchase, for settlement within a 13-day period beginning on, and including, the date the Convertible Notes are first issued,

Live Nation Entertainment (LYV) announces $1B convertible senior notes offering due 2030. Proceeds to repay debt and for general purposes.