other_material
confidence high
sentiment negative
materiality 0.85
EchoStar misses $183M interest payment on DBS notes, triggering 30-day default grace period
DISH Network CORP
- Skipped ~$183M in interest payments: $72.2M on 5.25% 2026 secured, $71.9M on 5.75% 2028 secured, $38.4M on 5.125% 2029 unsecured.
- Non-payment is an immediate default with a 30-day grace period before Event of Default.
- EchoStar cites uncertainty from FCC review disclosed May 28-30, awaits FCC relief.
- Interest payments total $182.5M across three note series due 2026, 2028, 2029.
item 2.04item 9.01