Fri 04/26/2024 14:59 PM
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Credit Research: Adam Rhodes, CFA

Americas Covenants: Mitch Oates, JD

Key Takeaways:

  • EchoStar Corp. disclosed first-quarter intercompany funding support for DISH Network Corp., or DNC, of more than $1.4 billion, including its purchase of the company’s 700 megahertz spectrum licenses and satisfaction of DNC’s AWS-3 license-related put obligation. These transactions align with Reorg’s expectation that, following Chairman Charlie Ergen’s escalation in risk exposure to the legacy...
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