EchoStar Corporation Announces Termination of Exchange Offers and Consent Solicitations by DISH DBS Issuer LLC for Certain Existing Senior Notes Issued by DISH DBS Corporation
ENGLEWOOD, Colo., Jan. 29, 2024 /PRNewswire/ — EchoStar Corporation (Nasdaq: SATS) (“EchoStar“) today announced that its subsidiary DISH DBS Issuer LLC (“DBS Issuer“) has elected in its sole discretion to terminate the offers (the “Exchange Offers“) to exchange certain existing senior notes issued by DISH DBS Corporation (the “Existing DBS Notes“) in the amounts and subject to the terms, in each case, described in the exchange offer memorandum and consent solicitation statement, dated January 16, 2024 (the “Exchange Offer Memorandum“) into new senior secured notes issued by DBS Issuer described in the Exchange Offer Memorandum. DBS Issuer has also elected in its sole discretion to terminate its solicitation of consents (the “Consent Solicitations“) from holders of each series of the Existing DBS Notes to amend the terms of the applicable indentures governing such Existing DBS Notes upon the terms described in the Exchange Offer Memorandum.
Related news for (SATS)
- EchoStar Corporation Announces Conversion Period for 3.875% Convertible Senior Secured Notes due 2030
- Mavericks & Moonshots: Bold CEOs, Breakout Charts, and Billion-Dollar Bets Power the Morning Pulse
- MDA SPACE PROVIDES UPDATE ON ECHOSTAR CONTRACT
- Power Hour Surge: These Stocks Could Lead the Charge into the Close and After-Hours
- AT&T to Acquire Spectrum Licenses from EchoStar