{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-283134","form_type":"8-K","ticker":"SPHR","cik":"0001795250","company_name":"Sphere Entertainment Co.","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.661286+00:00","generated_at":"2026-05-29T00:24:07.059924+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sphere Entertainment extends debt forbearance on $829M term loan until Jan 10, 2025","bullets":["MSGN Holdings L.P., subsidiary of Sphere, defaults on $829M term loan due Oct 11, 2024; interest unpaid $4.8M.","Forbearance extended from Dec 20 to Jan 10, 2025, with possible further extension by Required Supporting Lenders.","Lenders agree not to exercise remedies during forbearance; termination events include failure to comply, new defaults, or discussion end.","Key restrictions: no new liens, limited debt, no restricted payments (except $200K employee comp cap).","Loan Parties acknowledge no defenses and ratify credit documents; Agent has perfected security interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-283134","json":"https://secwatch.observer/filing/0001193125-24-283134.json","markdown":"https://secwatch.observer/filing/0001193125-24-283134.md","text":"https://secwatch.observer/filing/0001193125-24-283134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1795250/000119312524283134/0001193125-24-283134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1795250/000119312524283134/d920495d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T00:24:07.059924+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}