secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001193125-25-272394
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSG Sports refinances Knicks credit facility to $425M and Rangers facility to $250M, both due 2030
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- Knicks LLC entered $425M senior secured revolving credit facility maturing Nov 6, 2030; refinanced $267M outstanding from prior facility.
- Rangers LLC entered $250M senior secured revolving credit facility maturing Nov 6, 2030; no borrowings outstanding at closing.
- Interest rates: base rate plus 0.25%-0.375% (Knicks) or 0.375%-0.625% (Rangers); or SOFR plus 1.25%-1.625% depending on league credit rating.
- Both facilities require minimum debt service ratio of 1.5:1.00 and include customary covenants and events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000119312525272394/0001193125-25-272394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000119312525272394/d55498d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-272394

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