DISH DBS and DISH Wireless file prepackaged Chapter 11 to restructure debt and complete wireless transition

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

DISH DBS Corporation and certain subsidiaries including DISH Wireless have filed prepackaged Chapter 11 cases to implement a restructuring plan supported by holders of more than 88% of DISH DBS's secured and unsecured notes, who also hold over $8.8 billion of DISH Wireless debt. The plan will enable DISH DBS to pay off its $2.0 billion of 7.75% senior secured notes due July 1, 2026, using proceeds from a $20.25 billion AT&T spectrum sale that has been delayed, and will allow DISH Wireless to complete an orderly transition and dispose of remaining assets. Operations, customers, and employees of EchoStar's brands including DISH TV, Sling TV, Boost Mobile, and Gen Mobile are not affected. A $2.4 billion FCC-ordered fund will be established upon closing of the AT&T transaction to cover qualified claims related to the decommissioning of the DISH Wireless 5G network, with claims under $100,000 prioritized. The filing entities expect to emerge from Chapter 11 before the end of the third quarter of 2026.

Impact on stocks 4

Cloud & Digital Infrastructure▼ · 2 stocks
EchoStar Corporation
ECHO
▼ NegativeCapitalrelevance

EchoStar's subsidiary DISH DBS files Chapter 11 to restructure debt, indicating financial distress.

AT&T Inc.
T
± MixedCapitalrelevance

AT&T is mentioned as buyer of DISH's spectrum, but deal is delayed; impact unclear.

Communication Services▼ · 1 stocks
EchoStar Corporation
SATS
▼ NegativeCapitalrelevance

EchoStar's subsidiary DISH DBS files Chapter 11 to restructure debt, indicating financial distress.

Climate Adaptation & Water▲ · 1 stocks

Off-coverage companies 1

Dish DBS CorporationPrivate▼ Negative
Capitalrelevance

Dish DBS Corporation files prepackaged Chapter 11 to restructure debt.

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