secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hughes Satellite Systems Corp (—)
CIK:        0001533758
Form:       8-K
Filed at:   2026-06-01T12:21:01+00:00
Accession:  0001415404-26-000020
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EchoStar skips ~$183M interest payment on DBS Notes; 30-day grace period before default
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533758/000141540426000020/0001415404-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1415404/000141540426000020/sats-20260601x8k.htm
  HTML page:      https://secwatch.observer/filing/0001415404-26-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer