Hughes Satellite Systems Corp: debt financing — EchoStar skips ~$183M interest payment on DBS Notes; 30-day grace period before default

Hughes Satellite Systems Corp

EchoStar elected not to make $183M in interest due June 1, 2026 on its DBS Notes (2026, 2028, 2029).
Breakdown: $72.2M on 5.25% 2026 notes; $71.9M on 5.75% 2028 notes; $38.4M on 5.125% 2029 notes.
Non-payment is a default with a 30-day grace period before an Event of Default under the indentures.
Deferral preserves liquidity ahead of $20.25B AT&T Transactions proceeds; FCC/DOJ approvals obtained but FCC order not final.
Consummation of AT&T Transactions remains subject to satisfaction or waiver of other closing conditions.

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

Hughes Satellite Systems Corp reported a default on senior notes of $183 million at 5.25%, 5.75% and 5.125% maturing 2026 Notes, 2028 Notes and 2029 Notes.

Instrument: senior notes
Principal: $183 million
Rate: 5.25%, 5.75% and 5.125%
Maturity: 2026 Notes, 2028 Notes and 2029 Notes
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 1, 2026 (the “Interest Payments”) with respect to its DISH DBS Corporation (“DDBS”) subsidiary’s 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”) comprised of approximately $72.2 million under the 2026 Notes, $71.9 million under the 2028 Notes and $38.4 million under the 2029 Notes.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001415404-26-000020

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.