Sphere extends MSGN loan forbearance to Nov 26; fee amounts doubled

Sphere Entertainment Co.

Forbearance Period on MSGN term loan maturity default extended to Nov 26, 2024 (from Nov 8).
Fees increased: Section 3.01(i) fee raised to $1,100,000 (from $550k) and 3.01(l) to $400k (from $200k).
Conditions: MSGN must pay all accrued interest and fees, plus pro-rated administrative agency fee.
Forbearance originally entered Oct 11, 2024 after MSGN L.P. failed to pay principal at Oct 11, 2024 maturity.

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