Sphere Entertainment extends forbearance on $829M MSGN term loan default to Jan 31, 2025

Sphere Entertainment Co.

Third Amended and Restated Forbearance Agreement extends forbearance period to Jan 31, 2025 from prior Jan 10, 2025 expiry.
MSGN Holdings L.P. owes $829.125M principal plus $4.1M unpaid interest under the credit agreement.
Forbearance covers only the Specified Default (failure to pay principal on Oct 11, 2024 maturity).
Loan parties acknowledge no offset/defenses; forbearance does not waive the default permanently.
Forbearance period may be extended by written confirmation from Required Supporting Lenders.

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