EchoStar Going Bankrupt or Disregarding Creditors: Analyst
EchoStar's restructuring and refinancing efforts since the company's acquisition of Dish Network show that it's either "willing to ride roughshod over the interests of its creditors" or facing imminent bankruptcy, MoffettNathanson's Craig Moffett wrote Monday. Having last month dropped a…
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debt swap offering for Dish senior notes (see 2401300003), EchoStar said Monday it was also terminating a swap offering for Dish convertible notes due in 2025 and 2026. New EchoStar "now appears to have exercised all available avenues to raise additional debt under existing covenants," Moffett said.