Item 2.03 Creation of a Direct Financial Obligation or an Off-Balance Sheet Arrangement.



As previously reported, Live Nation Entertainment, Inc. (the "Company") has $400
million in undrawn term loan A capacity under its amended senior secured credit
facility that is available to the Company for draw down any time prior to
expiration of the drawdown period on October 17, 2021. This $400 million was
included as part of the Company's previously disclosed $971 million in available
debt capacity as of June 30, 2021 and in the Company's accompanying disclosures
regarding its available liquidity at the end of the second quarter to fund
operations.

The Company has elected to draw down the $400 million term loan A and add to the
existing cash on its balance sheet rather than allow the lenders' commitments
under its amended senior secured credit facility to fund the term loan A to
permanently expire. Accordingly, on September 2, 2021, the Company delivered to
JPMorgan Chase Bank, N.A., as administrative agent under its amended senior
secured credit facility, an irrevocable notice to draw down the full $400
million under the term loan A, and the Company expects the loans to be funded on
September 8, 2021 in full. The Company intends to use the proceeds from the
drawdown for general corporate purposes.

Interest rates per annum applicable to the term loan A are, at the Company's
option, equal to either Eurodollar plus 2.25% or a base rate plus 1.25%. The
Company is required to make quarterly payments on the term loan A at a rate
ranging from 0.625% of the original principal amount during the first three
years to 1.25% during the last two years, with the balance due at maturity in
October 2024.

A summary of the material terms of the Company's amended senior secured credit facility, including the term loan A, is included in Item 2 of the Company's Quarterly Report on Form 10-Q filed on August 3, 2021, and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits



Exhibit No.                                           Exhibit Description
104                       Cover Page Interactive Data File (embedded within the Inline XBRL document)

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