Loading...
Market
What will be the outcome of Sphere Entertainment's forbearance agreement by November 8, 2024?
3
Resolution / Starting Odds
Agreement Extended • 25%
Debt Paid • 25%
Default • 25%
Other Outcome • 25%
Official announcements from Sphere Entertainment or financial news outlets
Story
Sphere Entertainment Enters Emergency Forbearance Agreement on $2 Billion Amid CFO Resignation
Oct 12, 2024, 11:37 PM
Sphere Entertainment, the company behind 'The Sphere', has entered into an emergency forbearance agreement until November 8 as it struggles to make debt payments. The agreement pertains to approximately $2 billion in maturing term loans. This development comes shortly after the resignation of CFO and Treasurer David Byrnes, with no successor named. Sphere Entertainment opened 379 days ago.
View original story
Similar markets
Full refinancing secured • 25%
Partial refinancing secured • 25%
No refinancing secured • 25%
Company defaults • 25%
Successfully refinanced • 25%
Partially refinanced • 25%
Not refinanced • 25%
Other outcome • 25%
Successful restructuring • 25%
Bankruptcy filing • 25%
Acquisition by another airline • 25%
Other outcome • 25%
Bronfman's bid accepted • 25%
Skydance merger proceeds • 25%
New bid from another party • 25%
No acquisition or merger • 25%
Reorganization approved • 25%
Liquidation • 25%
Sale to another entity • 25%
Other outcome • 25%
Successful debt restructuring • 25%
Partial debt restructuring • 25%
No restructuring achieved • 25%
File for bankruptcy • 25%
Pardon • 25%
Reduced Sentence • 25%
Sentence Upheld • 25%
Other Outcome • 25%
Acquired by another company • 25%
Reorganizes and continues independently • 25%
Liquidates assets and ceases operations • 25%
Other • 25%
Company is sold • 25%
Company is restructured and continues operations independently • 25%
Company is liquidated • 25%
Other • 25%
Acquired by another company • 25%
Reorganizes and continues operations independently • 25%
Liquidates assets • 25%
Other • 25%