---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-236751"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2024-10-11T23:59:59+00:00"
generated_at: "2026-05-30T15:32:28.620361+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sphere Entertainment unit defaults on $829M term loan; enters forbearance until Nov 8

## Summary
- MSGN Holdings missed $829M term loan payment due Oct 11, 2024, triggering Event of Default.
- Forbearance from lenders; no remedy exercise until earlier of Nov 8 or certain termination events.
- Borrower acknowledges $2.24M in unpaid interest and $22.9K in commitment fees as of Oct 11.
- Revolving Credit Commitments terminated as of Oct 11, 2024.
- Subsidiary reaffirms all obligations; no defenses or counterclaims against lenders.

## SEC filing metadata
- accession: 0001193125-24-236751
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2024-10-11T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000119312524236751/0001193125-24-236751-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000119312524236751/d879763d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-236751
- JSON: https://secwatch.observer/filing/0001193125-24-236751.json
- Plain text: https://secwatch.observer/filing/0001193125-24-236751.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.