UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
In light of the uncertainty raised by the Federal Communications Commission (“FCC”) review disclosed in our Form 8-K’s filed on May 28, 2025 and May 30, 2025, EchoStar Corporation (“EchoStar”) has elected not to make approximately $183 million in cash interest payments due on June 2, 2025 (the “Interest Payments”) with respect to our DISH DBS Corporation (“DDBS”) 5.25% secured notes due 2026 (the “2026 Notes”), 5.75% secured notes due 2028 (the “2028 Notes”) and 5.125% unsecured notes due 2029 (the “2029 Notes, and collectively with the 2026 Notes and the 2028 Notes, the “DBS Notes”) comprised of approximately $72.2 million under the 2026 Notes, $71.9 million under the 2028 Notes and $38.4 million under the 2029 Notes. Under each of the indentures governing the DBS Notes (the “DBS Notes Indentures”), 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 (as such term is defined in the DBS Notes Indenture) 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.
Item 9.01. Financial Statements and Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ECHOSTAR CORPORATION DISH NETWORK CORPORATION HUGHES SATELLITE SYSTEMS CORPORATION DISH DBS CORPORATION
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Date: June 2, 2025 | By: | /s/ Dean A. Manson | |
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| Dean A. Manson Chief Legal Officer and Secretary | |
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