- 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.
A deal for the streaming music service would 'future proof' Sirius' business model and create a formidable media entity, says an analyst.
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.