Sphere Entertainment subsidiary extends forbearance on $804M defaulted term loan to April 21, 2025

Sphere Entertainment Co.

Forbearance period on $804.1M term loan default extended to April 21, 2025, from prior April 4 deadline.
Subsidiary MSGN Holdings failed to pay principal on Oct 11, 2024 maturity and missed budget delivery deadline.
Sixth Amended and Restated Forbearance Agreement executed April 4; prior email extended only to April 7.
Forbearance terminates early on events including new defaults, termination of discussions, or breach of covenants.
Loan parties acknowledge no defenses and $804.1M plus fees are validly owed and unconditionally payable.

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