Madison Square Garden Sports Corp. announced that its subsidiaries, New York Knicks, LLC and New York Rangers, LLC, have each entered into amendments to their respective existing credit agreements with JPMorgan Chase Bank, N.A. and other lenders. The amended agreements, effective November 6, 2025, provide for senior secured revolving credit facilities of up to $425 million for the Knicks and $250 million for the Rangers, intended to fund working capital needs and general corporate purposes. The Knicks' facility matures on November 6, 2030, with an outstanding balance of $267 million as of the amendment date. Borrowings under the facilities bear interest at floating rates tied to either a base rate or term SOFR, plus applicable margins based on credit ratings. The amendments also include customary financial covenants and conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Madison Square Garden Sports Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-272394), on November 07, 2025, and is solely responsible for the information contained therein.
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