EchoStar Corporation Makes Scheduled Interest Payments on Senior Notes
EchoStar Corporation, through its subsidiary DISH DBS Corporation, has made the scheduled interest payments on its 7.75% senior notes due 2026 and 7.375% senior notes due 2028. The interest payments, originally due on July 1, 2025, were made on July 30, 2025, within the applicable 30-day grace periods. This decision comes after EchoStar resolved to cure the non-payment defaults under the indentures governing the notes, following a request from the Federal Communications Commission (FCC) in May 2025.
Key Takeaways:
- EchoStar Corporation made scheduled interest payments on July 30, 2025, on its 7.75% senior notes due 2026 and 7.375% senior notes due 2028, which were originally due on July 1, 2025.
- The decision to make the payments was made after EchoStar resolved to cure the non-payment defaults under the indentures governing the notes.
- EchoStar has remained focused on resolving the concerns raised by the FCC in May 2025 and has been working cooperatively with the FCC to facilitate its ongoing inquiries.
- The company continues to progress efforts to explore alternative or complementary pathways that could resolve the FCC's stated concerns in a manner acceptable to EchoStar.
- No resolution has been achieved, and it is possible that no such resolution will ultimately be achieved.
Statistics:
- July 30, 2025: Date on which interest payments were made on the Senior Notes.
- July 1, 2025: Original due date for interest payments on the Senior Notes.
- 30-day: Grace period for making interest payments on the Senior Notes before constituting an Event of Default.
- May 2025: Date on which the Federal Communications Commission raised concerns regarding EchoStar.
- 2026 and 2028: Maturities for the Senior Notes.
Sources:
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025