EchoStar Initiates Exchange Offers for DISH Convertible Notes

Details

The exchange offers satisfy a key milestone in EchoStar's balance sheet optimization. Holders of the existing notes can exchange them for new EchoStar notes, provided they also consent to amending the terms of the notes and the indentures. The exchange offers are supported by holders representing over 90% of the outstanding principal amount of the existing notes, satisfying the minimum tender condition. The consummation of the exchange offers is subject to certain conditions, including the effectiveness of a related registration statement and the minimum tender condition. The exchange offers and consent solicitations will expire on November 7, 2024, unless extended by EchoStar.

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About EchoStar Corporation

EchoStar Corporation is a prominent company specializing in satellite communication solutions. Its primary function is to provide satellite broadband services, video delivery, and enterprise connectivity to various markets worldwide. With a deep focus on satellite technology, EchoStar plays a critical role in the telecommunications industry by enabling secure, high-speed internet access in remote and underserved areas, thus bridging digital divides. The company also serves a significant role in supporting governmental and defense sectors by supplying reliable communications platforms. EchoStar's contributions extend to media companies, ensuring the efficient delivery of high-quality broadcast services through its expansive network of geostationary satellites. Founded in 1980 and headquartered in Englewood, Colorado, EchoStar Corporation is a vital player in enhancing global communication infrastructure through its commitment to technology advancement and innovation.