EchoStar US$5.36bn 10.75% senior secured notes due 2029 and DBS financing
- Issuer or borrower
- EchoStar
- Date
- Nov 2024
- Amount
- US$5.36bn
- Type
- Bond
- Structure
- $5,356m 10 3/4% senior secured notes due 2029 (secured on AWS-3/AWS-4 spectrum), $30m 3 7/8% convertible secured notes due 2030, c.$400m PIPE; plus separate $2.5bn DISH DBS financing
- Purpose
- Refinance DBS November 2024 maturity, interim liquidity and spectrum build-out (Hughes satellite and DISH wireless)
- Country
- United States
Sources
- EchoStar Form 10-K FY2024 sec.gov · Feb 2025
- EchoStar: exchange offers and consent solicitations ir.echostar.com · 30 Sep 2024
Checked against the documents above. Record ORB-2024-0009.
Other financings by EchoStar
| Date | Financing | Type | Amount |
|---|---|---|---|
| 27 Jul 2016 | Hughes Satellite Systems US$1,500m senior notes (2 tranches) | Bond | US$1.5bn |
M&A and investment involving EchoStar
| Date | Deal | Type | Value |
|---|---|---|---|
| 8 Sep 2025 | SpaceX purchase of EchoStar AWS-4 and H-block spectrum | M&A Announced | US$17bn |
| 26 Aug 2025 | AT&T purchase of EchoStar spectrum | M&A Announced | US$23bn |
| 2 Jan 2024 | EchoStar and DISH Network merger | M&A | Not disclosed |
