secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2021-12-16T23:59:59+00:00
Accession:  0001193125-21-359222
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSG Sports refinances Knicks and Rangers credit facilities; increases overall capacity
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- Knicks LLC entered $275M revolving credit facility maturing Dec 14, 2026; refinances $220M outstanding.
- Rangers LLC entered $250M revolving credit facility maturing Dec 14, 2026; refinances $135M outstanding.
- Knicks Holdings $75M credit facility terminated; no amounts outstanding.
- Borrowings bear floating rate: base rate plus 0.25-0.5% (Knicks) or 0.5-1% (Rangers); term SOFR plus spread.
- Both facilities require minimum debt service ratio of 1.5:1.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000119312521359222/0001193125-21-359222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000119312521359222/d269439d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-359222

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