Sphere Entertainment Co. Enters Material Definitive Agreement

Ticker: SPHR · Form: 8-K · Filed: 2025-02-05T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

Sphere Entertainment Co. just signed a big deal, filing an 8-K for a new financial obligation.

AI Summary

Sphere Entertainment Co. entered into a material definitive agreement on February 4, 2025. This agreement involves a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Sphere Entertainment Co., which could impact its financial position and future operations.

Risk Assessment

Risk Level: medium — Entering into new material definitive agreements can introduce financial risks and obligations that may affect the company's performance.

Key Players & Entities

FAQ

What type of material definitive agreement did Sphere Entertainment Co. enter into?

The filing states that Sphere Entertainment Co. entered into a material definitive agreement, but the specific details of the agreement are not provided in this summary.

What is the significance of the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' item?

This item signifies that the agreement entered into by Sphere Entertainment Co. creates a new financial commitment or responsibility that will be reflected on or off the company's balance sheet.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this filing occurred on February 4, 2025.

What is Sphere Entertainment Co.'s principal business address?

Sphere Entertainment Co.'s principal business address is Two Pennsylvania Plaza, New York, NY 10121.

What were the previous names of Sphere Entertainment Co. or its predecessors?

Sphere Entertainment Co. was formerly known as Madison Square Garden Entertainment Corp. and MSG ENTERTAINMENT SPINCO, INC.

From the Filing

0001193125-25-020178.txt : 20250205 0001193125-25-020178.hdr.sgml : 20250205 20250204192435 ACCESSION NUMBER: 0001193125-25-020178 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250204 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250205 DATE AS OF CHANGE: 20250204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sphere Entertainment Co. CENTRAL INDEX KEY: 0001795250 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 843755666 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39245 FILM NUMBER: 25590240 BUSINESS ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 BUSINESS PHONE: (212) 465-6000 MAIL ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 FORMER COMPANY: FORMER CONFORMED NAME: Madison Square Garden Entertainment Corp. DATE OF NAME CHANGE: 20200417 FORMER COMPANY: FORMER CONFORMED NAME: MSG ENTERTAINMENT SPINCO, INC. DATE OF NAME CHANGE: 20191126 8-K 1 d930689d8k.htm 8-K 8-K false 0001795250 0001795250 2025-02-04 2025-02-04     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     FORM  8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 4, 2025     SPHERE ENTERTAINMENT CO. (Exact Name of Registrant as Specified in Charter)   Delaware   001-39245   84-3755666 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   Two Pennsylvania Plaza , New York ,  NY   10121 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code:  (725)   258-0001 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)). ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c)). Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of Each Exchange on Which Registered          Class A Common Stock   SPHR   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement. As previously reported, on October 11, 2024, MSGN Holdings L.P. (“MSGN L.P.”), an indirect wholly owned subsidiary of Sphere Entertainment Co. (the &#

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