EchoStar enters restructuring deal with DDBS noteholders; $1.6B loan prepaid

DISH Network CORP

EchoStar signed RSA with ad hoc group holding >82% of DDBS notes to deleverage and prepay certain notes without penalty.
DBS SubscriberCo prepaid ~$1.6B of 11.25% term loan and 13.75% preferred interests on March 16.
RSA adds protections for DDBS notes and increases financial flexibility, including for potential M&A.
All pending litigation between DDBS and the noteholders was dismissed with prejudice.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DISH Network CORP entered into Restructuring Support Agreement with an ad hoc group representing more than 82% of holders of debt securities issued by DDBS (effective 2026-03-19).

Action: entry
Counterparty: an ad hoc group representing more than 82% of holders of debt securities issued by DDBS
Effective: 2026-03-19

Exact text from the filing

On March 19, 2026, EchoStar Corporation, DISH Network Corporation, DISH DBS Corporation (“DDBS”) and certain of DDBS’s subsidiaries (DDBS and its subsidiaries, collectively, the “Company”) entered into a Restructuring Support Agreement (the “RSA” and the transactions contemplated thereby, the “Transactions”) with an ad hoc group (the “AHG”) representing more than 82% of holders of debt securities issued by DDBS (the “DDBS Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DISH Network CORP terminated Loan and Security Agreement with DBS SubscriberCo valued at approximately $1.6 billion (effective 2026-03-16).

Action: termination
Agreement: credit facility
Counterparty: DBS SubscriberCo
Value: approximately $1.6 billion
Effective: 2026-03-16

Exact text from the filing

On March 16, 2026, DBS SubscriberCo prepaid without penalty its outstanding 11.25% term loan and 13.75% preferred membership interests totaling approximately $1.6 billion, in accordance with the Loan and Security Agreement .

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Source: SEC EDGAR

accession 0001415404-26-000006

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