Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Sphere Entertainment Co. incurred convertible notes of $258.75 million aggregate principal amount with U.S. Bank Trust Company, National Association at 3.50% per year maturing December 1, 2028.
- Instrument
- convertible notes
- Principal
- $258.75 million aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 3.50% per year
- Maturity
- December 1, 2028
- Event
- incurrence
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. On December 8, 2023, Sphere Entertainment Co. (the “Company”) completed a private unregistered offering (the “Offering”) of $258.75 million aggregate principal amount of its 3.50% convertible senior notes due 2028 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sphere Entertainment Co. entered into Capped Call Option Transactions with certain of the initial purchasers of the Notes or their respective affiliates and other financial institutions valued at Capped call transactions with a cap price initially equal to approximately $42.62 per share (effective 2023-12-05).
- Action
- entry
- Counterparty
- certain of the initial purchasers of the Notes or their respective affiliates and other financial institutions
- Value
- Capped call transactions with a cap price initially equal to approximately $42.62 per share
- Effective
- 2023-12-05
Exact text from the filing
On December 5, 2023, in connection with the pricing of the Notes, and on December 6, 2023, in connection with the exercise in full by the initial purchasers of their option to purchase additional Notes, the Company entered into capped call transactions with certain of the initial purchasers of the Notes or their respective affiliates and other financial institutions, pursuant to capped call confirmations in substantially the form filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference (and this description is qualified in its entirety by reference to such document).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sphere Entertainment Co. entered into Indenture for 3.50% Convertible Senior Notes due 2028 with U.S. Bank Trust Company, National Association valued at $258,750,000 aggregate principal amount of 3.50% convertible senior notes due 2028 (effective 2023-12-08).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $258,750,000 aggregate principal amount of 3.50% convertible senior notes due 2028
- Effective
- 2023-12-08
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. On December 8, 2023, Sphere Entertainment Co. (the “Company”) completed a private unregistered offering (the “Offering”) of $258.75 million aggregate principal amount of its 3.50% convertible senior notes due 2028 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase additional Notes.
View on SEC.gov