Profitelligence Profitelligence · Filing Ledger Open SATS research →

Form 8-K · Current Report · Filed 2024-11-14

EchoStar Completes Exchange Offers and Private Placement

On November 12, 2024, EchoStar Corporation concluded its exchange offers for DISH Network Corporation's convertible notes, leading to the issuance of new EchoStar convertible and senior secured notes.

Filer
EchoStar Corporation SATS · NASDAQ
Filed
Accession
0001104659-24-117961
CIK
0001415404
Signal
Medium impactTechnology
Source
Official filing on sec.gov ↗

Details

Concurrently, EchoStar executed a private placement raising approximately $400 million.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued Convertible Note Offering
Item 8.01

Other Events

Share Repurchase Program Announced
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$21.52

Next session

+5.9%

Since filing

+371.7%

Latest close

$101.50

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SATS reporting the same item, with the next session's move:

EchoStar Announces Amendments to Exchange Offers for DISH DBS Corporation Notes-0.4%
EchoStar Initiates Exchange Offers for DISH Convertible Notes-1.3%
DIRECTV to Acquire DISH DBS Corporation in Major Video Distribution Deal-14.1%
EchoStar Ends Negotiations on Senior Debt Exchange-2.7%
EchoStar 2024 Annual Meeting Voting Results Announced+3.4%

Exhibits (18)

EX-4.1tm2428023d1_ex4-1.htm28 KB EX-4.2tm2428023d1_ex4-2.htm28 KB EX-4.3tm2428023d1_ex4-3.htm1277 KB EX-4.4tm2428023d1_ex4-4.htm154 KB EX-4.5tm2428023d1_ex4-5.htm145 KB EX-4.6tm2428023d1_ex4-6.htm1588 KB EX-4.7tm2428023d1_ex4-7.htm151 KB EX-4.8tm2428023d1_ex4-8.htm142 KB EX-4.9tm2428023d1_ex4-9.htm170 KB EX-4.10tm2428023d1_ex4-10.htm166 KB EX-4.11tm2428023d1_ex4-11.htm1316 KB EX-4.12tm2428023d1_ex4-12.htm148 KB EX-4.13tm2428023d1_ex4-13.htm143 KB EX-4.14tm2428023d1_ex4-14.htm221 KB EX-4.15tm2428023d1_ex4-15.htm295 KB EX-5.1tm2428023d1_ex5-1.htm29 KB EX-5.2tm2428023d1_ex5-2.htm16 KB EX-5.3tm2428023d1_ex5-3.htm69 KB

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.

Exchange NASDAQ Industry Communication Equipment Company website ↗

Never miss another SATS filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts