---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-020178"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:48:47.676931+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sphere Entertainment subsidiary extends loan forbearance to March 26, 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-020178
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000119312525020178/0001193125-25-020178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000119312525020178/d930689d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-020178
- JSON: https://secwatch.observer/filing/0001193125-25-020178.json
- Plain text: https://secwatch.observer/filing/0001193125-25-020178.txt

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