debt
confidence high
sentiment neutral
materiality 0.50
EchoStar amends DISH DBS exchange offers; expiration extended to Nov 12
EchoStar CORP
- Discount Amount lowered to at least $1.498625B; expiration now 5:00 PM ET on Nov 12, 2024.
- Mandatory Exchange Consideration increased for New 2029, 2031-Series B, and 2032 DTV Issuer Secured Notes.
- Exchange offers cover five series of outstanding DBS notes: 5.25% 2026 secured, 5.75% 2028 secured, 7.75% 2026, 7.375% 2028, and 5.125% 2029.
- New DBS notes to be mandatorily exchanged for new DTV Issuer notes before DISH Pay-TV acquisition closes.