0001209191-23-045413.txt : 20230811
0001209191-23-045413.hdr.sgml : 20230811
20230811160511
ACCESSION NUMBER: 0001209191-23-045413
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230809
FILED AS OF DATE: 20230811
DATE AS OF CHANGE: 20230811
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sphere Entertainment Co.
CENTRAL INDEX KEY: 0001795250
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41627
FILM NUMBER: 231163978
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 NAME:
FORMER CONFORMED NAME: Madison Square Garden Entertainment Corp.
DATE OF NAME CHANGE: 20200417
FORMER NAME:
FORMER CONFORMED NAME: MSG ENTERTAINMENT SPINCO, INC.
DATE OF NAME CHANGE: 20191126
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Madison Square Garden Entertainment Corp.
CENTRAL INDEX KEY: 0001952073
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
IRS NUMBER: 920318813
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
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: MSGE Spinco, Inc.
DATE OF NAME CHANGE: 20221025
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-08-09
0
0001952073
Madison Square Garden Entertainment Corp.
MSGE
0001795250
Sphere Entertainment Co.
TWO PENNSYLVANIA PLAZA
NEW YORK
NY
10121
0
0
1
0
0
Class A Common Stock, par value $0.01 per share
2023-08-09
4
J
0
1922750
34.0718
D
8221188
I
By Subsidiary
The Reporting Person and MSG Entertainment Holdings, LLC (the "Lender"), a subsidiary of Madison Square Garden Entertainment Corp. (the "Issuer"), are parties to a certain Delayed Draw Term Loan Credit Agreement, dated as of April 20, 2023 (the "Credit Agreement"), pursuant to which the Lender has agreed to provide the Reporting Person with a delayed draw term loan facility (the "DDTL Facility") of up to $65,000,000. Pursuant to the terms of the Credit Agreement, the Reporting Person has the right to make all or a portion of any payments on the DDTL Facility by delivering shares of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), of the Issuer.
On July 14, 2023, the Reporting Person borrowed an aggregate principal amount of $65,000,000 from the Lender under the DDTL Facility. On August 9, 2023, Sphere Entertainment Group, LLC, a direct subsidiary of the Reporting Person and the direct holder of the Class A Common Stock, delivered 1,922,750 shares of the Class A Common Stock to the Lender as payment for the outstanding principal of the DDTL Facility and all accrued interest and fees thereon.
The price of the Class A Common Stock for purposes of repayment of the DDTL Facility was $34.0718 per share, which is based on a twenty-day dollar volume-weighted average price on the day prior to July 26, 2023.
/s/ Mark C. Cresitello, Secretary of Sphere Entertainment Co.
2023-08-11