Live Nation Inks $742 Million of Private Debt Tied to Venues

Live Nation Entertainment Inc. has borrowed about €630 million ($742 million) in the private debt market to help finance its global investment in concert venues, people with knowledge of the matter said.

A spokesperson for the company acknowledged the private financing but declined to provide details on the transaction, saying “This funding helps drive the buildout and modernization of venues worldwide, expanding capacity and bringing more concerts to more markets to help meet growing global concert demand.”

Live Nation Entertainment, which promotes concerts and sells tickets, has also been developing and investing in venues, including an announcement last yearthat ...