Sphere Entertainment Co. Enters Material Agreement
Ticker: SPHR · Form: 8-K · Filed: Feb 4, 2025 · CIK: 1795250
| Field | Detail |
|---|---|
| Company | Sphere Entertainment Co. (SPHR) |
| Form Type | 8-K |
| Filed Date | Feb 4, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, corporate-history
TL;DR
Sphere Entertainment Co. just signed a big deal, creating new financial obligations.
AI Summary
On February 3, 2025, Sphere Entertainment Co. entered into a material definitive agreement, likely related to financing or operations. This filing also indicates the creation of a direct financial obligation or an off-balance sheet arrangement for the registrant. The company was formerly known as Madison Square Garden Entertainment Corp. and MSG Entertainment Spinco, Inc.
Why It Matters
This filing signals a significant new financial commitment or operational partnership for Sphere Entertainment Co., which could impact its future financial performance and strategic direction.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to debt, performance, or market conditions.
Key Players & Entities
- Sphere Entertainment Co. (company) — Registrant
- Madison Square Garden Entertainment Corp. (company) — Former Company Name
- MSG Entertainment Spinco, Inc. (company) — Former Company Name
- February 3, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Sphere Entertainment Co. on February 3, 2025?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
What was Sphere Entertainment Co. previously named?
Sphere Entertainment Co. was formerly known as Madison Square Garden Entertainment Corp. and MSG Entertainment Spinco, Inc.
What is the fiscal year end for Sphere Entertainment Co.?
The fiscal year end for Sphere Entertainment Co. is June 30.
What is the IRS Employer Identification Number for Sphere Entertainment Co.?
The IRS Employer Identification Number for Sphere Entertainment Co. is 84-3755666.
What is the SIC code for Sphere Entertainment Co.?
The Standard Industrial Classification (SIC) code for Sphere Entertainment Co. is 7900, which falls under SERVICES-AMUSEMENT & RECREATION SERVICES.
Filing Stats: 831 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2025-02-03 21:52:31
Filing Documents
- d927629d8k.htm (8-K) — 27KB
- d927629dex101.htm (EX-10.1) — 2KB
- 0001193125-25-019458.txt ( ) — 147KB
- sphr-20250203.xsd (EX-101.SCH) — 3KB
- sphr-20250203_lab.xml (EX-101.LAB) — 17KB
- sphr-20250203_pre.xml (EX-101.PRE) — 11KB
- d927629d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 10.1 Amendment via Email Correspondence dated February 3, 2025, to the Forbearance Agreement, dated as of October 11, 2024, by and among MSGN Holdings, L.P., certain subsidiaries of MSGN Holdings, L.P. identified therein, MSGN Eden, LLC, Regional MSGN Holdings LLC, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SPHERE ENTERTAINMENT CO. (Registrant) By: /s/ Mark C. Cresitello Name: Mark C. Cresitello Title: Senior Vice President, Deputy General Counsel and Secretary Dated: February 3, 2025