AWS-4

EchoStar Corporation Announces Exchange Offers and Consent Solicitations for 0% Convertible Senior Notes due 2025 and 3.375% Convertible Senior Notes due 2026 Issued by DISH Network Corporation

Retrieved on: 
Saturday, January 13, 2024
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ENGLEWOOD, Colo., Jan. 12, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technology, spectrum, engineering, manufacturing, networking services, television entertainment and connectivity bolstered by its merger with DISH Network Corporation ("DISH"), today announced that it has commenced offers to exchange (i) any and all of the 0% Convertible Notes due 2025 (the "DISH Network 2025 Notes") issued by its subsidiary DISH and (ii) any and all of the 3.375% Convertible Notes due 2026 issued by DISH (the "DISH Network 2026 Notes," and together with the DISH Network 2025 Notes, the "Existing DISH Notes"), each for 10.00% Senior Secured Notes due 2030 to be issued by EchoStar Corporation (the "EchoStar Notes"), in each case, pursuant to the terms described in a preliminary prospectus and consent solicitation statement, dated January 12, 2024 (the "Preliminary Exchange Offer Prospectus"). 

Key Points: 
  • Net of $42,803,000 and $91,199,000 of 0% Convertible Notes due 2025 and 3.375% Convertible Notes due 2026, respectively, that
    are held by DISH and not deemed outstanding.
  • The EchoStar Notes will not have recourse to any assets of any other subsidiary of EchoStar other than as set forth above.
  • Existing DISH Notes not exchanged in the exchange offers and consent solicitations will be returned to the tendering holder at EchoStar's expense promptly after the expiration or termination of the exchange offers and consent solicitations.
  • King & Co., Inc. is acting as exchange agent and information agent for the exchange offers and consent solicitations.

ECHOSTAR CORPORATION UNLOCKS INCREMENTAL STRATEGIC, FINANCIAL AND OPERATING FLEXIBILITY FOLLOWING COMPLETION OF MERGER WITH DISH NETWORK CORPORATION

Retrieved on: 
Wednesday, January 10, 2024
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ENGLEWOOD, Colo., Jan. 10, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar" or the "Company") announced today the completion of a series of strategic transactions to further unlock incremental strategic, financial and operating flexibility for its business following completion of its merger with DISH Network Corporation ("DISH Network").

Key Points: 
  • ENGLEWOOD, Colo., Jan. 10, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar" or the "Company") announced today the completion of a series of strategic transactions to further unlock incremental strategic, financial and operating flexibility for its business following completion of its merger with DISH Network Corporation ("DISH Network").
  • The merger itself combined DISH Network's satellite technology, streaming services and nationwide 5G network with EchoStar's premier satellite communications solutions, creating a global leader in terrestrial and non-terrestrial wireless connectivity.
  • DISH Network will continue to retain ownership of various other valuable wireless spectrum licenses, including 600 MHz, 700 MHz, 3.45 GHz and AWS-3, of which 700 MHz and AWS-3 also remain unencumbered, and DISH DBS Corporation ("DBS").
  • DBS Subscriber Subsidiary holds approximately 3.0 million DISH TV subscribers immediately following the unrestricting of such entity.

DISH's Smart 5G™ Wireless Network is Now Available to Over 20 Percent of the U.S. Population

Retrieved on: 
Wednesday, June 15, 2022
Project Genesis, Solution, Boost Mobile, Time, Population, Motorola, JMA, Hertz, Dish Network, Human, View, CommScope, Cisco Systems, Samsung, VMware, Television, 5G, AWS-4, Samsung Galaxy, Fujitsu, Mavenir, Netgear, Network address, NASDAQ, ESIM, Acquisition, FCC, Dell, Radio, Multimedia, DISH, AWS, City, Intel, Sale, Communications satellite, Cable television, Mobile phone, Qualcomm, Oracle

LITTLETON, Colo., June 15, 2022 /PRNewswire/ -- As of June 14, DISH is offering 5G broadband service to over 20 percent of the U.S. population. This marks a major milestone in building the world's most advanced cloud-native 5G Open RAN network, as DISH continues to change the way the world communicates.

Key Points: 
  • This marks a major milestone in building the world's most advanced cloud-native 5G Open RAN network, as DISH continues to change the way the world communicates.
  • In May, DISH's Smart 5G network commercially launched through Project Genesis, offering DISH wireless service in Las Vegas.
  • DISH's 5G broadband service is 3GPP Release 15 enhanced mobile broadband (eMBB) compliant and runs through DISH's 5G core.
  • DISH continues to innovate in wireless, building the nation's first virtualized, O-RAN 5G broadband network.