EchoStar Corporation

09/23/2024 | Press release | Distributed by Public on 09/23/2024 04:31

Material Event Form 8 K

Item 8.01. Other.

EchoStar Corporation (the "Company") engaged in negotiations with certain holders of various senior debt securities (the "DDBS Notes") issued by DISH DBS Corporation ("DDBS") that are members of an ad hoc group of holders of DDBS securities represented by Milbank LLP (the "Milbank AHG"). Such negotiations concerned a potential transaction involving (i) an exchange of certain DDBS Notes for new secured notes with an extended maturity date, at an exchange ratio reflecting discounts to the face amount of the DDBS Notes and premia to market prices for the DDBS Notes and (ii) certain holders of DDBS Notes, including members of the Milbank AHG, lending new money to the Company. Such negotiations concluded, and the Company and members of the Milbank AHG did not reach an agreement with respect to a transaction.

The Company remains engaged with various other parties regarding possible financing transactions.