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Credit Facilities and Convertible Notes (Tables) | 12 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following table summarizes the presentation of the outstanding balances under the Company’s credit agreements and convertible notes as of June 30, 2024 and 2023:
|  | As of
|  | June 30, 2024 |  | June 30, 2023
|  | Principal |  | Unamortized Deferred Financing Costs |  | Net |  | Principal |  | Unamortized Deferred Financing Costs |  | Net
Current portion |  |  |  |  |  |  |  |  |  |  |  |
MSG Networks Term Loan |  | $ | 849,750 |  |  | $ | (313) |  |  | $ | 849,437 |  |  | $ | 82,500 |  |  | $ | — |  |  | $ | 82,500 |
Current portion of long-term debt, net |  | $ | 849,750 |  |  | $ | (313) |  |  | $ | 849,437 |  |  | $ | 82,500 |  |  | $ | — |  |  | $ | 82,500 |
|  | As of
|  | June 30, 2024 |  | June 30, 2023
|  | Principal |  | Debt Discount |  | Unamortized Deferred Financing Costs |  | Net |  | Principal |  | Debt Discount |  | Unamortized Deferred Financing Costs |  | Net
Non-current portion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MSG Networks Term Loan |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 849,750 |  |  | $ | — |  |  | $ | (1,483) |  |  | $ | 848,267 |
LV Sphere Term Loan Facility |  | 275,000 |  |  | — |  |  | (3,788) |  |  | 271,212 |  |  | 275,000 |  |  | — |  |  | (4,880) |  |  | 270,120 |
3.50% Convertible Senior Notes |  | 258,750 |  |  | (6,314) |  |  | (913) |  |  | 251,523 |  |  | — |  |  | — |  |  | — |  |  | — |
Long-term debt, net |  | $ | 533,750 |  |  | $ | (6,314) |  |  | $ | (4,701) |  |  | $ | 522,735 |  |  | $ | 1,124,750 |  |  | $ | — |  |  | $ | (6,363) |  |  | $ | 1,118,387 |
Interest payments and loan principal repayments made by the Company under the credit agreements for Fiscal Years 2024, 2023 and 2022 were as follows:
|  | Interest Payments |  | Loan Principal Repayments
|  | Years Ended June 30, |  | Years Ended June 30,
|  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
MSG Networks Credit Facilities |  | $ | 68,297 |  |  | $ | 58,311 |  |  | $ | 19,173 |  |  | $ | 82,500 |  |  | $ | 66,000 |  |  | $ | 49,500 |
LV Sphere Term Loan Facility |  | 26,894 |  |  | 12,825 |  |  | — |  |  | — |  |  | — |  |  | — |
Delayed Draw Term Loan Facility |  | 460 |  |  | — |  |  | — |  |  | 65,000 |  |  | — |  |  | — |
3.50% Convertible Senior Notes |  | 4,352 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Payments |  | $ | 100,003 |  |  | $ | 71,136 |  |  | $ | 19,173 |  |  | $ | 147,500 |  |  | $ | 66,000 |  |  | $ | 49,500 |
The carrying value and fair value of the Company’s debt reported in the accompanying consolidated balance sheets as of June 30, 2024 and 2023 were as follows:
|  | As of
|  | June 30, 2024 |  | June 30, 2023
|  | Carrying Value (a) |  | Fair Value |  | Carrying Value (a) |  | Fair Value
Liabilities: |  |  |  |  |  |  |  |
MSG Networks Credit Facilities |  | $ | 849,750 |  |  | $ | 845,501 |  |  | $ | 932,250 |  |  | $ | 927,589 |
LV Sphere Term Loan Facility |  | 275,000 |  |  | 273,625 |  |  | 275,000 |  |  | 272,250 |
3.50% Convertible Senior Notes |  | 252,436 |  |  | 316,296 |  |  | — |  |  | — |
Total debt |  | $ | 1,377,186 |  |  | $ | 1,435,422 |  |  | $ | 1,207,250 |  |  | $ | 1,199,839 |
_________________ (a) The total carrying value of the Company’s debt as of June 30, 2024 and 2023 is equal to the current and non-current principal payments for the Company’s debt, excluding unamortized deferred financing costs of $5,014 and $6,363, respectively.
Schedule of Maturities of Long-term Debt | Debt maturities over the next five years for the outstanding principal balance under the MSG Networks Credit Facilities, LV Sphere Term Loan Facility and 3.50% Convertible Senior Notes as of June 30, 2024 were as follows:
|  | MSG Networks Credit Facilities |  | LV Sphere Term Loan Facility |  | 3.50% Convertible Senior Notes |  | Total
Fiscal year ending June 30, 2025 |  | $ | 849,750 |  |  | $ | — |  |  | — |  |  | $ | 849,750 |
Fiscal year ending June 30, 2026 |  | — |  |  | — |  |  | — |  |  | — |
Fiscal year ending June 30, 2027 |  | — |  |  | — |  |  | — |  |  | — |
Fiscal year ending June 30, 2028 |  | — |  |  | 275,000 |  |  | — |  |  | 275,000 |
Fiscal year ending June 30, 2029 |  | — |  |  | — |  |  | 258,750 |  |  | 258,750 |
Thereafter |  | — |  |  | — |  |  | — |  |  | — |
Total debt |  | $ | 849,750 |  |  | $ | 275,000 |  |  | $ | 258,750 |  |  | $ | 1,383,500 |

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