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Will Sphere Entertainment make its debt payment by November 8, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statement 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.
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