Liberty Live (NASDAQ: LYV) restructures 2.375% exchangeable debentures tied to stock

NodeGuardian

2026-03-25 00:59:06

Abstract generation in progress

Liberty Live Holdings, Inc. restructured $1.116 billion of its 2.375% Exchangeable Senior Debentures due 2053 by exchanging old debentures for new ones. The new debentures retain the same principal amount and interest rate but update the put right date for holders from September 30, 2028, to September 30, 2032, along with revised redemption and fundamental change conditions. These debentures are exchangeable into the cash value of Live Nation Entertainment, Inc. (LYV) common stock, with all exchanges and puts settled in cash.

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