secwatch.observer — SEC 8-K summary
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Issuer:     Sphere Entertainment Co. (SPHR)
CIK:        0001795250
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001193125-26-035571
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sphere subsidiary MSG Las Vegas enters $550M credit facility maturing 2031
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- MSG Las Vegas, LLC obtained $275M term loan and $275M revolving credit facility.
- Facilities mature January 29, 2031; interest at SOFR + 2.50%-3.00% or base rate + 1.50%-2.00%.
- Proceeds for working capital, general corporate purposes, and distributions to Sphere Entertainment Group.
- Financial covenants: min debt service coverage 2.50:1.00, max total leverage 3.50:1.00.
- Obligations secured by all assets of MSG LV, including leasehold interest in Las Vegas Sphere land.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795250/000119312526035571/0001193125-26-035571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795250/000119312526035571/d76310d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-035571

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