LYV · 10-Q · 2026Q3 · Full report
Interest Expense Increase
Live Nation Entertainment, Inc. · 2026-11-05 · Importance 34 · Surprise 24 · In source text
Interest expense increased $21.8 million in the third quarter of 2026 compared with the prior-year quarter, primarily because of VenueCo notes issued in 2026. For the first nine months, interest expense increased $57.2 million year over year, also primarily due to the VenueCo notes. At September 30, 2026, the company’s weighted-average cost of debt was 4.3%, with approximately 80% of debt at fixed rates.
Key facts
- Live Nation’s $500.0 million interest rate swap expired in October 2026; it had capped the rate on a portion of floating-rate debt for its outstanding term loan B facility at 3.445%. source
- Based on its floating-rate debt as of September 30, 2026, each 25-basis-point increase or decrease in interest rates would increase or decrease Live Nation’s annual interest expense and cash outlay by approximately $4.9 million. source
- Live Nation’s third-quarter 2026 interest expense increased $21.8 million year over year, primarily driven by issuance of VenueCo notes. source
- Live Nation’s interest expense for the first nine months of 2026 increased $57.2 million year over year, primarily driven by issuance of VenueCo notes. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | contingent | — | Live Nation’s $500.0 million interest rate swap expired in October 2026; it had capped the rate on a portion of floating-rate debt for its… |