Live Nation Entertainment Inc. announced it intends to offer $1.3 billion in aggregate principal amount of convertible senior notes due 2031 through a private placement. The Convertible Notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act. Proceeds from the offering, together with new borrowings under a forthcoming senior secured credit facility, will be used to fund full redemption of the company's 5.625% Senior Notes due 2026, repay outstanding amounts under its term loan B and revolving credit facilities, pay related fees and expenses, and for general corporate purposes including potential future venues or additional debt repayment. The offering is subject to market and other conditions. Price and interest rate details for the new Convertible Notes were not provided in the announcement. No URL for a prospectus is included in the document.