---
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"
generated_at: "2026-05-23T19:49:33.047844+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-073906
- JSON: https://secwatch.observer/filing/0001193125-25-073906.json
- Plain text: https://secwatch.observer/filing/0001193125-25-073906.txt

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