NEW YORK (Standard&Poor's) Aug. 14, 2013--Standard&Poor's Ratings Services said today that its ratings on Beverly Hills, Calif.-based Live Nation Entertainment Inc. are unchanged after the company's announcement of the proposed $50 million upsize of its senior secured credit facilities. The proposed $1.4 billion senior secured credit facilities will now consist of a $335 million revolving credit facility due 2018, a $115 million term loan A due 2015, and a $950 million term loan B due 2020. The 'BB-' corporate credit rating on Live Nation Entertainment Inc. reflects our expectation that leverage will remain moderately high, but that operating performance will continue to be somewhat stable, because of the company's degree of business diversity. We consider the
