Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Sphere Entertainment Co. incurred term loan of $275 million with JP Morgan Chase Bank, N.A., as administrative agent at base rate plus a margin of 3.375% per annum or Adjusted Term SOFR plus a margin maturing December 22, 2027.
- Instrument
- term loan
- Principal
- $275 million
- Counterparty
- JP Morgan Chase Bank, N.A., as administrative agent
- Rate
- base rate plus a margin of 3.375% per annum or Adjusted Term SOFR plus a margin
- Maturity
- December 22, 2027
- Event
- incurrence
Exact text from the filing
On December 22, 2022, MSG Las Vegas, LLC (“MSG LV”), an indirect, wholly-owned subsidiary of Madison Square Garden Entertainment Corp. (the “Company”), entered into a credit agreement with JP Morgan Chase Bank, N.A., as administrative agent and the lenders party thereto, providing for a five-year, $275 million senior secured term loan facility (the “Sphere Facility”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sphere Entertainment Co. entered into Credit Agreement with JP Morgan Chase Bank, N.A., as administrative agent and the lenders party thereto valued at $275 million (effective 2022-12-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JP Morgan Chase Bank, N.A., as administrative agent and the lenders party thereto
- Value
- $275 million
- Effective
- 2022-12-22
Exact text from the filing
On December 22, 2022, MSG Las Vegas, LLC ("MSG LV"), an indirect, wholly-owned subsidiary of Madison Square Garden Entertainment Corp. (the "Company"), entered into a credit agreement with JP Morgan Chase Bank, N.A., as administrative agent and the lenders party thereto, providing for a five-year, $275 million senior secured term loan facility (the "Sphere Facility").
View on SEC.gov