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0.00405405405405402 0.00472972972972985 0.00783783783783782 0.00810810810810822 0.00351351351351358 -0.0129729729729729 -0.00864864864864866 -0.00743243243243239
Stock impact report

Live Nation takes measures to boost liquidity as coronavirus pandemic slams live events [MarketWatch]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
Live Nation Entertainment Inc. said Monday it is amending an existing credit agreement, tapping an additional revolving credit facility and launching a cost-cutting program as it works to combat the effect on live events of the coronavirus that causes COVID-19. The company said the amendment will suspend a net leverage covenant under its senior secured credit agremeent for the second and third quarters, offering it the flexibility to manage its business through the disruption expected in 2020. The company has received an additional revolving credit facility of $120 million, giving it about $940 million in available debt capacity. As of Feb. 29, the company's total cash balance was $3.3 billion, including $914 million of free cash and $2.0 billion of event-related deferred revenue. Combined with its now available debt capacity, the company has liqudity of $3.8 billion. "While event-related deferred revenue balances fluctuate over the course of the year, given the timing of shows in 202 Show less Read more
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