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Securities law

DISH Network Corporation Makes Scheduled Interest Payments on Senior Notes Despite Previous Defaults

Strategic Insights

— 2 min read

DISH Network Corporation, a subsidiary of EchoStar Corporation, has filed a Form 8-K with the U.S. Securities and Exchange Commission stating that it will make scheduled interest payments on its senior notes, despite the previous defaults. The company had initially failed to make interest payments on its 7.75% senior notes due 2026 and 7.375% senior notes due 2028 on their respective due dates. However, in a recent move, DISH DBS Corporation, a subsidiary of EchoStar, has notified the trustee for its senior notes that it will make the scheduled interest payments on July 30, 2025, thereby curing the non-payment defaults under the indentures.

This development comes in the midst of the company's ongoing efforts to resolve concerns raised by the Federal Communications Commission (FCC) in May 2025. Despite these challenges, DISH DBS Corporation has determined that it should make the interest payments in good faith, suggesting that the company is taking proactive steps to address its obligations to its stakeholders.

Key Takeaways:

  • DISH Network Corporation, a subsidiary of EchoStar Corporation, has announced that it will make scheduled interest payments on its senior notes after previous defaults.
  • The company had initially failed to make interest payments on its 7.75% senior notes due 2026 and 7.375% senior notes due 2028, but will cure the non-payment defaults by making the payments on July 30, 2025.
  • This move is part of the company's ongoing efforts to resolve concerns raised by the Federal Communications Commission (FCC) in May 2025.
  • DISH DBS Corporation is working cooperatively with the FCC to facilitate its ongoing inquiries, including by providing responses and information at the FCC's request.
  • The company continues to progress wide-ranging efforts to explore alternative or complementary pathways that could resolve the FCC's concerns in a manner acceptable to the Company.
  • The scheduled interest payments are being made within the applicable 30-day grace periods, thereby avoiding an Event of Default.
  • The company's decision to make the interest payments demonstrates its commitment to resolving its obligations to its stakeholders.

Statistics:

  • The company's 7.75% senior notes due 2026 and 7.375% senior notes due 2028 were initially defaulted due to non-payment of interest on June 27, 2025.
  • The scheduled interest payments are being made on July 30, 2025, which is within the applicable 30-day grace periods.
  • The company has been working with the Federal Communications Commission (FCC) since May 2025 to resolve concerns related to its operations.
  • DISH DBS Corporation has made significant progress in exploring alternative pathways to resolve the FCC's concerns, including providing responses and information at the FCC's request.

Sources:

  • Form 8-K filed by DISH Network Corporation with the U.S. Securities and Exchange Commission on July 30, 2025.

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