{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-073906","form_type":"8-K","ticker":"SPHR","cik":"0001795250","company_name":"Sphere Entertainment Co.","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.749610+00:00","generated_at":"2026-05-23T19:49:33.047844+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sphere Entertainment subsidiary extends forbearance on $804M defaulted term loan to April 21, 2025","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-073906","json":"https://secwatch.observer/filing/0001193125-25-073906.json","markdown":"https://secwatch.observer/filing/0001193125-25-073906.md","text":"https://secwatch.observer/filing/0001193125-25-073906.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1795250/000119312525073906/0001193125-25-073906-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1795250/000119312525073906/d940927d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T19:49:33.047844+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}