MSG Sports amends Knicks credit line to $425 million and Rangers line to $250 million
Subsidiaries New York Knicks and New York Rangers amended and restated their senior secured revolving credit agreements on November 6, 2025. Both facilities now mature November 6, 2030, and the Knicks used the new facility to refinance $267 million of borrowings under its 2021 agreement. The filing describes the terms, including floating-rate pricing, a minimum debt service ratio of 1.5:1.00, and customary covenants and default provisions.
Key points
- Knicks revolving credit facility increased to up to $425 million, maturing November 6, 2030
- The $267 million outstanding under the 2021 Knicks facility was refinanced in full
- Rangers revolving credit facility of up to $250 million, maturing November 6, 2030, with no borrowings outstanding as of November 6, 2025
- Both agreements require a minimum debt service ratio of at least 1.5:1.00
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.