---
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"
generated_at: "2026-05-29T00:24:07.059924+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sphere Entertainment extends debt forbearance on $829M term loan until Jan 10, 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-283134
- JSON: https://secwatch.observer/filing/0001193125-24-283134.json
- Plain text: https://secwatch.observer/filing/0001193125-24-283134.txt

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