DISH Network CORP: debt financing — EchoStar misses $326M interest payment on 10.75% senior spectrum notes due 2029

DISH Network CORP

Non-payment of ~$326M cash interest due May 30, 2025 triggers a default with a 30-day grace period.
EchoStar cites FCC review of its 5G buildout compliance and spectrum rights as source of uncertainty.
Company elected not to pay to allow time for FCC relief before grace period expires.
EchoStar maintains it has met all 5G buildout milestones and seeks to continue network investment.

item 2.04 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DISH Network CORP reported a default on senior notes at 10.75% maturing due 2029.

Instrument: senior notes
Rate: 10.75%
Maturity: due 2029
Event: default

Exact text from the filing

we have elected not to make an approximately $326 million cash interest payment due on May 30, 2025 (the “Interest Payment”) with respect to our 10.75% senior spectrum secured notes due 2029 (the “2029 Spectrum Notes”)

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Source: SEC EDGAR

accession 0001415404-25-000017

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