NEW YORK (Standard&Poor's) May 19, 2014--Standard&Poor's Ratings Services today assigned Beverly Hills, Calif.-based Live Nation Entertainment Inc.'s proposed $250 million senior unsecured notes due 2022 its 'B+' issue-level rating, with a recovery rating of '5', indicating our expectation for modest recovery (10% to 30%) for noteholders in the event of default. The company is also issuing $250 million in senior unsecured convertible notes due 2019, but we will not rate this debt. The company will use proceeds from the issuances to repay the existing $220 million senior unsecured convertible notes and for general corporate purposes, including potential acquisitions. The 'BB-' corporate credit rating and stable outlook on Live Nation Entertainment Inc. reflects our expectation that the
