EchoStar’s subsidiary terminates exchange offers for DISH DBS senior notes

EchoStar Corporation announced that its subsidiary DISH DBS Issuer LLC has elected in its sole discretion to terminate the offers to exchange certain existing senior notes issued by DISH DBS Corporation in the amounts and subject to the terms, in each case, described in the exchange offer memorandum and consent solicitation statement, dated January 16, 2024 into new senior secured notes issued by DBS Issuer described in the Exchange Offer Memorandum. DBS Issuer has also elected in its sole discretion to terminate its solicitation of consents from holders of each series of the Existing DBS Notes to amend the terms of the applicable indentures governing such Existing DBS Notes upon the terms described in the Exchange Offer Memorandum.

Since the Exchange Offers have been terminated, the exchange consideration will not be paid or become payable to holders of the Existing DBS Notes who have validly tendered their Existing DBS Notes for exchange in connection with the Exchange Offers, and the Existing DBS Notes tendered for exchange pursuant to the Exchange Offers will be promptly returned to the tendering holders.

The termination of the Exchange Offers has no effect on the previously announced exchange offers by EchoStar in respect of DISH Network Corporation’s outstanding 0% Convertible Notes due 2025 and 3.375% Convertible Notes due 2026.

CT Bureau