Madison Square Garden Entertainment (MSGE) Increases Revolving Credit Facility to $150M from $50M
September 25, 2023
Source: StreetInsider
On September 15, 2023, MSG National Properties, LLC (“National Properties”), a wholly-owned direct subsidiary of MSG Entertainment Holdings, LLC, a wholly-owned direct subsidiary of the registrant, Madison Square Garden Entertainment (NYSE: MSGE)., entered into Amendment No. 3 to Credit Agreement (the “National Properties Amendment”) to the Credit Agreement, dated as of June 30, 2022, as amended by Amendment No. 1 to Credit Agreement and Waiver, dated as of April 18, 2023 and Amendment No. 2 to Credit Agreement, dated as of May 25, 2023 (the “Existing Credit Agreement”, and the Existing Credit Agreement as amended by the National Properties Amendment, the “Amended Credit Agreement”), among National Properties, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., in its capacity as administrative agent, pursuant to which, among other things, the Revolving Credit Commitments (as defined in the Amended Credit Agreement) were increased by an aggregate amount of $50,000,000 to $150,000,000.
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