The 2.875% convertible notes are due 2030

Davis Polk acted as special product counsel to the representative of the several initial purchasers in connection with a Rule 144A offering by Live Nation Entertainment, Inc. of an aggregate principal amount of $1.1 billion of its 2.875% convertible senior notes due 2030, which included $100 million principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

Headquartered in Beverly Hills, California, Live Nation Entertainment, Inc. is the world’s leading live entertainment company comprised of global market leaders Ticketmaster, Live Nation Concerts and Live Nation Sponsorship.

The Davis Polk equity derivatives team included partners Mark M. Mendez and Derek Walters, and associates Greg Marchesini, Amy Cheng and Alexander S. Pettingell. The tax team included partners Lucy W. Farr and Aliza Slanksy and associates Kelsey Nelson and Ted Lee. All members of the Davis Polk team are based in the New York office.