---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-064321"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T04:04:32.497512+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-064321
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000119312525064321/0001193125-25-064321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000119312525064321/d868336d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-064321
- JSON: https://secwatch.observer/filing/0001193125-25-064321.json
- Plain text: https://secwatch.observer/filing/0001193125-25-064321.txt

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