Live nation announces credit agreement amendment

Live nation announces credit agreement amendment, additional revolving credit facility and cost reduction program.live nation announces credit agreement amendment, additional revolving credit facility and cost reduction program.live nation entertainment inc - cost reduction program launched with target 2020 savings of $500 million.live nation entertainment inc - raised $120 million in additional revolver capacity.live nation entertainment - amendment will eliminate use of consolidated ebitda from q2 and q3 of 2020 in any net leverage covenant test.live nation entertainment inc - has approximately $940 million in available debt capacity.live nation entertainment inc - does not expect material declines in its event-related deferred revenue balances for events in late 2020 and 2021.live nation entertainment - q1 2020 operating loss is expected to widen versus prior year.live nation entertainment - adjusted operating income expected to drop to small loss for quarter, while revenue for quarter is expected to be down about 20%.live nation entertainment inc - will implement salary reductions, with salaries for senior executives reduced by up to 50%.live nation entertainment inc - ceo voluntarily forgoing 100% of his salary for duration of salary reduction program.live nation entertainment - additional cost reduction efforts include hiring freezes, reduction in use of contractors, rent re-negotiations, furloughs.
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