{"id":193804,"date":"2023-09-18T15:39:22","date_gmt":"2023-09-18T15:39:22","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193804"},"modified":"2023-09-18T15:39:22","modified_gmt":"2023-09-18T15:39:22","slug":"madison-square-garden-entertainment-shares-drop-5-following-secondary-offering","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/madison-square-garden-entertainment-shares-drop-5-following-secondary-offering\/","title":{"rendered":"Madison Square Garden Entertainment Shares Drop  5% Following Secondary Offering"},"content":{"rendered":"<p> Shares of Madison Square Garden Entertainment Corp. (MSGE) are falling more than 4% Monday morning after the company announced secondary offering of 7.15 million shares by Sphere Entertainment Group, LLC.<\/p>\n<p>As part of the secondary offering, MSG Entertainment intends to purchase about $50 million of shares, to be funded by borrowings under its existing credit facility, which has been increased to $150 million from $100 million. <\/p>\n<p>MSG Entertainment will not receive any proceeds from the offering.<\/p>\n<p>MSGE is at $31.21 currently. It has traded in the range of $21.02 &#8211; $40.81 in the last 1 year. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3391000\/madison-square-garden-entertainment-shares-drop-5-following-secondary-offering.aspx?utm_source=rttnews&#038;utm_campaign=stockalerthome\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Madison Square Garden Entertainment Corp. (MSGE) are falling more than 4% Monday morning&#8230;<\/p>\n","protected":false},"author":4,"featured_media":193803,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Madison Square Garden Entertainment Shares Drop 5% Following Secondary Offering - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/bitcoin\/madison-square-garden-entertainment-shares-drop-5-following-secondary-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madison Square Garden Entertainment Shares Drop 5% Following Secondary Offering - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Shares of Madison Square Garden Entertainment Corp. 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