secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Entertainment Corp. (MSGE)
CIK:        0001952073
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001193125-23-112870
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSGE completes spin-off distribution of ~34.7M shares; Sphere retains 33% stake
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- Distributed ~27.7M Class A and ~6.9M Class B shares to Sphere Entertainment holders as of April 14, 2023.
- Sphere Entertainment Co. retained ~17M shares (~33%) of new MSGE common stock.
- New MSGE entered into $65M delayed draw term loan facility with Sphere; matures Oct 20, 2024.
- James L. Dolan elected director; board includes Dolan family members and three Class A directors.
- Charter amended to authorize 120M Class A, 30M Class B, 15M preferred shares; name changed to MSGE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1952073/000119312523112870/0001193125-23-112870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1952073/000119312523112870/d461401d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-112870

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