Recent Updates — ECHO

EchoStar Corporation reports that its subsidiary, DISH DBS Corporation, emerged from Chapter 11 bankruptcy on October 1, 2026, following the satisfaction of conditions precedent for its prepackaged plan. The restructuring resulted in a reduction of aggregate outstanding indebtedness by approximately $4.35 billion through debt restructuring and partial early repayment of senior notes. Consequently, DISH DBS will be reconsolidated into EchoStar's financial statements as of the effective date. EchoStar operates in the satellite communications and broadcasting industry.

On July 28, 2026, EchoStar Corporation completed the sale of its 3.45 GHz and 600 MHz spectrum licenses to AT&T Mobility II LLC under a License Purchase Agreement dated August 25, 2025. EchoStar received $20.25 billion in proceeds, with an additional $2.4 billion deposited into a mandated FCC Trust to cover potential claims related to the sold licenses. The transaction also involved the satisfaction of all outstanding obligations under a Loan and Security Agreement between DISH DBS Corporation and DISH Network Corporation, and the full redemption of approximately $3.686 billion in 11 3/4% Senior Secured Notes due November 15, 2027. EchoStar operates in the satellite and wireless telecommunications industry, providing broadband and video services.