Live Nation Entertainment Inc. (LYV) stated Monday it has launched an providing of $850 million of convertible bonds due 2029. Part of the proceeds will likely be used to fund capped name transactions aimed toward lowering dilution on conversion, whereas the remainder will likely be used for common company functions. The inventory was down 3.3% premarket and has fallen 38% within the final 12 months, whereas the S&P 500 has fallen 17%.

-Ciara Linnane

(END) Dow Jones Newswires

01-09-23 0655ET

Copyright (c) 2023 Dow Jones & Company, Inc.