Hughes Satellite Systems files Chapter 11 to restructure debt and refocus on B2B/gov

Hughes Satellite Systems Corp

HSSC and 11 subsidiaries filed Chapter 11 on Aug 2, 2026; EchoStar and international subs not included.
Filing accelerates HSSC's 5.25% secured notes due 2026 and 6.625% senior notes due 2026.
Paul Gaske resigned; Robert Del Genio appointed CRO; Ramesh Ramaswamy appointed EVP GM.
Michael Buenzow and Anthony Horton appointed independent directors to Special Committee.
Company has sufficient liquidity for near-term operations; plans to refocus on B2B, gov, defense.

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