- Reduces LIBOR floor for the term B loan facility to 0.75% from 1.50%;
- Provides additional term loans of $65.0 million;
- Provides additional revolving commitments of $35.0 million; and
- Reduces the applicable margins of all loans under the facility.
Live Nation (LYV) is getting support from the trend for artists and bands to get most of their revenue from live performances instead of album sales, BloombergTV's Vonnie Quinn reported.
Live Nation (LYV) stock coverage was started with an 'overweight' rating and $34 price target at JPMorgan on Thursday morning.