---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-004484"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T05:25:28.772582+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-004484
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000119312525004484/0001193125-25-004484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000119312525004484/d909543d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-004484
- JSON: https://secwatch.observer/filing/0001193125-25-004484.json
- Plain text: https://secwatch.observer/filing/0001193125-25-004484.txt

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