MSGN Holdings, L.P.,and certain subsidiaries of MSGN Holdings entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. The Credit Agreement amends and restates MSGN Holdings’ prior credit agreement, dated September 28, 2015, in its entirety.

The Credit Agreement provides MSGN Holdings with senior secured credit facilities (the “Facilities”) consisting of: (a) a $1.10 billion term loan facility (the “Term Loan Facility”) and (b) a $250 million revolving credit facility (the “Revolving Credit Facility”). Under the Credit Agreement, the maturity date of the Facilities was extended to October 11, 2024. On the Effective Date, proceeds from the Term Loan Facility were used by MSGN Holdings to repay outstanding indebtedness under the Existing Credit Agreement (the “Refinancing”). Proceeds from the Revolving Credit Facility, which was undrawn on the Effective Date, will be used by MSGN Holdings to fund working capital needs and for other general corporate purposes.

Up to $35 million of the Revolving Credit Facility is available for the issuance of letters of credit. All borrowings under the Revolving Credit Facility are subject to the satisfaction of customary conditions, including absence of a default and accuracy of representations and warranties.