EchoStar closes $20.25B spectrum sale to AT&T; repays $5.7B in debt

EchoStar CORP

Closed sale of 3.45 GHz and 600 MHz licenses to AT&T for $20.25B cash plus $2.4B into FCC Trust.
DISH DBS repaid $2.0B of 7.75% Senior Notes due 2026 in full.
DISH Network Corp redeemed $3.686B of 11.75% Senior Secured Notes due 2027.
FCC Trust of $2.4B established to cover eligible claims related to the sold licenses.
99-year lease extension granted to AT&T for certain Hawaii wireless spectrum.

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