DISH Network CORP: debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

DISH Network CORP reported a default on senior notes of $183 million in cash interest payments on the 2026 Notes, 2028 Notes and 2029 Notes with DISH DBS Corporation at 5.25% secured notes due 2026, 5.75% secured notes due 2028, 5.125% unsecured not maturing 2026, 2028, 2029.

Instrument: senior notes
Principal: $183 million in cash interest payments on the 2026 Notes, 2028 Notes and 2029 Notes
Counterparty: DISH DBS Corporation
Rate: 5.25% secured notes due 2026, 5.75% secured notes due 2028, 5.125% unsecured not
Maturity: 2026, 2028, 2029
Event: default

Exact text from the filing

EchoStar Corporation (“EchoStar”) has elected not to make approximately $183 million in cash interest payments due on June 2, 2025 (the “Interest Payments”) with respect to our DISH DBS Corporation (“DDBS”) 5.25% secured notes due 2026 (the “2026 Notes”), 5.75% secured notes due 2028 (the “2028 Notes”) and 5.125% unsecured notes due 2029 (the “2029 Notes, and collectively with the 2026 Notes and the 2028 Notes, the “DBS Notes”)

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Source: SEC EDGAR

accession 0001415404-25-000024

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