In a regulatory filing, EchoStar (SATS) said that in light of the uncertainty raised by the FCC review disclosed in filings filed on May 28, 2025 and May 30, 2025, EchoStar “has elected not to make approximately $183M in cash interest payments due on June 2, 2025 with respect to our DISH DBS Corporation 5.25% secured notes due 2026, 5.75% secured notes due 2028 and 5.125% unsecured notes due 2029 comprised of approximately $72.2M under the 2026 Notes, $71.9M under the 2028 Notes and $38.4M under the 2029 Notes. Under each of the indentures governing the DBS Notes, such non-payment is a default and we have a 30-day grace period to make the Interest Payments before such non-payment constitutes an Event of Default with respect to the DBS Notes. EchoStar has elected not to make the Interest Payments to allow time for the FCC to provide the relief requested in our FCC filing prior to the expiration of the 30-day grace period.”
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