Sphere Entertainment subsidiary extends forbearance on MSGN credit facility until Feb 3, 2025

Sphere Entertainment Co.

MSGN Holdings L.P. missed Oct 11, 2024 term loan maturity payment; forbearance previously extended to Jan 31, 2025.
On Jan 31, 2025, parties agreed via email to further extend forbearance period to Feb 3, 2025 at 11:59 p.m. ET.
Short extension allows time to finalize longer agreement; parties anticipate at least several weeks of further forbearance.
No assurance longer extension will close; default remedies remain exercisable if forbearance ends.
This is the latest in a series of short extensions since the maturity default.

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