---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-103932"
form_type: "8-K"
ticker: "SATS"
cik: "0001415404"
company_name: "EchoStar CORP"
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:33:19.803468+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# EchoStar to sell DISH Pay-TV business to DIRECTV for $1.00 plus debt assumption

## Summary
- EchoStar sells all equity of DISH DBS (Pay-TV) to DIRECTV Holdings for $1.00 plus assumption of net debt.
- Permitted cash transfers to EchoStar pre-closing capped at $1.52B; DBS must retain minimum $400M cash at closing.
- DBS launches exchange offers for its five series of secured/unsecured notes (2026-2029) for new first/second lien notes of equal principal.
- SubscriberCo obtains up to $2.3B term loan facility secured by ~3M DISH TV subscriber contracts and $200M preferred equity.
- EchoStar signs support agreement with >85% of DISH Convertible Note holders to exchange for up to $2.4B senior secured notes and $1.98B convertible notes; also $5.1B new money notes commitment.

## SEC filing metadata
- accession: 0001104659-24-103932
- form_type: 8-K
- ticker: SATS
- cik: 0001415404
- company_name: EchoStar CORP
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1415404/000110465924103932/0001104659-24-103932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1415404/000110465924103932/tm2425160d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-103932
- JSON: https://secwatch.observer/filing/0001104659-24-103932.json
- Plain text: https://secwatch.observer/filing/0001104659-24-103932.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.