secwatch.observer — SEC 8-K summary
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Issuer:     Sphere Entertainment Co. (SPHR)
CIK:        0001795250
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001193125-25-064321
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795250/000119312525064321/0001193125-25-064321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795250/000119312525064321/d868336d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-064321

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