Core Viewpoint - Live Nation Entertainment, Inc. has priced its offering of $1.3 billion in 2.875% convertible senior notes due 2031, intending to use the proceeds for debt redemption and general corporate purposes [1][5]. Group 1: Convertible Notes Offering - The company priced its convertible senior notes at 100% of their principal amount, with an initial conversion rate of 4.4459 shares per $1,000 principal amount, equating to a conversion price of approximately $224.93 per share [1][2]. - The notes will accrue interest at 2.875% per annum, payable semi-annually, and will mature on October 15, 2031 [4]. - The company has granted initial purchasers the right to buy an additional $100 million in convertible notes within 13 days of issuance [3]. Group 2: Use of Proceeds - Proceeds from the offering will be used to fully redeem the company's 5.625% Senior Notes due 2026, repay amounts under existing credit facilities, cover related fees, and for general corporate purposes [1][6]. - The planned redemption of the 2026 notes is contingent upon receiving at least $302,437,500 in gross proceeds from the offering [5]. Group 3: Credit Facilities - Following the offering, the company plans to amend or refinance its existing senior secured credit facility, which includes a term loan B facility of $1.3 billion and a $700 million delayed draw term loan A facility [6][7].

Group 1 - Flutter Entertainment plc has announced the pricing of a total of $1,000 million of 5.875% Senior Secured Notes due 2031, €550 million of 4.000% Senior Secured Notes due 2031, and £450 million of 6.125% Senior Secured Notes due 2031, all issued at par by its subsidiary Flutter Treasury DAC [1] - The proceeds from the offering and a new U.S. dollar-denominated term loan B facility are intended to repay amounts due under a bridge facility used for the acquisition of Snaitech S.p.A., for general corporate purposes, and to cover related costs and expenses [2] - Flutter operates a diverse portfolio of leading online sports betting and iGaming brands, including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and others, positioning itself as a market leader in the industry [4] Group 2 - Flutter aims to leverage its significant scale and challenger mindset to drive long-term growth while promoting a positive and sustainable future for stakeholders through its Positive Impact Plan [3] - The company is well-placed to maintain its competitive edge through the global advantages of the Flutter Edge, which provides access to group-wide benefits [3]