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Red Flags Detected
- Debt Default (new) — Company triggered default on $183M interest payment with 30-day cure period before formal Event of Default.
EchoStar skips $183M debt payment, starts 30-day default clock awaiting AT&T deal close
Filed June 1, 2026 · Period ending June 1, 2026 · ~1 min read
Key Changes
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EchoStar deliberately missed $183M in interest payments due June 1 on three series of subsidiary bonds, triggering a 30-day grace period before formal default. Payments break down to $72.2M (2026 notes), $71.9M (2028 notes), and $38.4M (2029 notes).
Item 8.01 view on EDGAR → -
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Company is preserving cash while awaiting $20.25 billion in proceeds from pending AT&T transactions. This is a strategic liquidity decision, not a liquidity crisis, but creates timing risk if the deal doesn't close within 30 days.
Item 8.01 view on EDGAR → -
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AT&T deal has cleared FCC and DOJ regulatory approvals, but FCC order must become final and other closing conditions remain outstanding. Company has until approximately $183 million July 1 to either pay the interest or close the AT&T deal to avoid Event of Default.
Item 8.01 view on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify