Sphere Entertainment extends forbearance on $804M MSGN loan to April 2, 2025

Sphere Entertainment Co.

Fifth amended forbearance agreement extends non-exercise of remedies on $804.1M term loan from Oct 2024 maturity default.
Unpaid interest of $5.27M as of March 26, 2025; additional fees and expenses remain due.
New forbearance period runs to April 2, 2025, or earlier termination event.
Agreement also covers anticipated default for failure to deliver FY budget by March 31, 2025.
Loan parties acknowledge no defenses or offsets; Credit Agreement remains in full force.

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