EchoStar said DISH DBS Corporation amended the terms of its existing exchange offers to lower the Discount Amount to at least $1,498,625,000 and extended the Expiration Time to November 12, 2024 at 5 p.m. New York City time.

1. 01

   EchoStar said DISH DBS Corporation amended the terms of its existing exchange offers to lower the Discount Amount to at least $1,498,625,000 and extended the Expiration Time to November 12, 2024 at 5 p.m. New York City time.

2. 02

   The company said it increased the Mandatory Exchange Consideration for the New 2026, 2028 and 2029 DBS Second Lien Notes by $65, $60 and $60 per $1,000 principal amount, respectively, and that the exchange offers are subject to a minimum 66 2/3% tender condition for each series.

3. 03

   The company disclosed that the notes subject to exchange total 5.25% 2026 Secured $2,750,000,000, 5.75% 2028 Secured $2,500,000,000, 7.75% 2026 $2,000,000,000, 7.375% 2028 $1,000,000,000 and 5.125% 2029 $1,500,000,000.

4. 04

   As of the close of business on October 28, 2024, the company said holders had validly tendered and not withdrawn $121,224,000 of the Outstanding 2026 DBS Secured Notes, $105,827,000 of the Outstanding 2028 DBS Secured Notes, $53,816,000 of the Outstanding 2026 DBS Notes, $42,162,000 of the Outstanding 2028 DBS Notes and $53,141,000 of the Outstanding 2029 DBS Notes.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.