Sphere Entertainment subsidiary extends loan forbearance to March 26, 2025

Sphere Entertainment Co.

MSGN L.P. owes $804.1M in principal plus $193,707.56 unpaid interest under Credit Agreement.
Forbearance period extended from Feb 4, 2025 to the earlier of March 26, 2025 or a Termination Event.
New covenants include a Minimum Liquidity Test requiring specified unrestricted cash each test date.
Loan parties must maintain cash in accounts subject to control agreement favor of the Agent.
Supporting Lenders may further extend forbearance; no waiver of Specified Default or other rights.

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