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MSG Networks Gets 1-Week Extension from Lenders as Company Faces Possible Bankruptcy or Foreclosure

MSG Networks has missed a debt payment and faces bankruptcy or foreclosure if it fails to make it within the next week.

MSG Networks, a subsidiary of Sphere Entertainment Co. and part of the business empire run by James Dolan, has another week to repay more than $800 million of debt without facing consequences from its lenders, the company announced Thursday (March 27) in an SEC filing. The company first announced in October 2024 that it was attempting to refinance its term loan and had entered into a forbearance agreement with its lenders. The debt, which currently stands at $804 million, applies only to MSG Networks, not the division that operates the Sphere venue in Las Vegas.

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