Bankruptcy: DISH DBS CORP

Form Type: 8-K

Filing Date: 2025-06-02

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000141540425000024

Filing Summary: EchoStar Corporation has disclosed that it will not make approximately $183 million in cash interest payments due on June 2, 2025, related to DISH DBS Corporation's 5.25% secured notes due 2026, 5.75% secured notes due 2028, and 5.125% unsecured notes due 2029. The decision to not make the Interest Payments is tied to issues arising from a review by the Federal Communications Commission (FCC). This non-payment is considered a default under the DBS Notes Indentures, with a 30-day grace period before it constitutes an Event of Default. EchoStar has opted for this approach to allow time for a potential resolution from the FCC regarding relief requested in a prior filing. Overall, this indicates financial distress as the company navigates obligations under its debentures while waiting for regulatory clarity.