---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-266120"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T17:59:54.590526+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# MSGN subsidiary defaults on $829M term loan; forbearance extended to Dec 20, 2024

## Summary
- MSGN Holdings L.P., a Sphere Entertainment subsidiary, failed to pay $829.125M principal on Oct 11, 2024 maturity.
- Unpaid interest as of Nov 26, 2024 is $4.389M; total term loan outstanding remains $829.125M.
- Forbearance period extended to Dec 20, 2024, subject to earlier termination events defined in the amended agreement.
- Loan parties acknowledge the Specified Default and waive defenses; lenders reserve all remedies after forbearance ends.
- Revolving credit commitments terminated as of Oct 11, 2024; no new debt or restricted payments allowed without lender consent.

## SEC filing metadata
- accession: 0001193125-24-266120
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000119312524266120/0001193125-24-266120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000119312524266120/d899421d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-266120
- JSON: https://secwatch.observer/filing/0001193125-24-266120.json
- Plain text: https://secwatch.observer/filing/0001193125-24-266120.txt

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