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Credit Facilities and Convertible Notes (Tables)
 12 Months Ended
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, 2024June 30, 2023
PrincipalUnamortized Deferred Financing CostsNetPrincipalUnamortized Deferred Financing CostsNet
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 $— $82,500 
As of
June 30, 2024June 30, 2023
PrincipalDebt DiscountUnamortized Deferred Financing CostsNetPrincipalDebt DiscountUnamortized Deferred Financing CostsNet
Non-current portion
MSG Networks Term Loan$— $— $— $— $849,750 $— $(1,483)$848,267 
LV Sphere Term Loan Facility275,000 — (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 PaymentsLoan Principal Repayments
Years Ended June 30, Years Ended June 30,
202420232022202420232022
MSG Networks Credit Facilities$68,297 $58,311 $19,173 $82,500 $66,000 $49,500 
LV Sphere Term Loan Facility26,894 12,825 — — — — 
Delayed Draw Term Loan Facility460 — — 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, 2024June 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 Facility275,000 273,625 275,000 272,250 
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 FacilitiesLV 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