EchoStar's DISH DBS exits Chapter 11, trims debt by $4.35 billion
The prepackaged plan took effect October 1 after Bankruptcy Court confirmation, repaying one bond in full and part of another
Published
EchoStar said its subsidiary DISH DBS and related filing entities have emerged from Chapter 11 bankruptcy, effective October 1, 2026, after the Bankruptcy Court confirmed the DISH DBS prepackaged plan of reorganization.
The restructuring repaid DISH DBS's 7.75% Senior Notes due July 1, 2026 in full and made a partial early repayment of its 5.25% Senior Secured Notes due December 1, 2026. Combined, the moves cut aggregate outstanding indebtedness across the DISH DBS filing entities by approximately $4.35 billion.
The DISH DBS entities had been deconsolidated from EchoStar's financial statements as of June 30, 2026. They will be reconsolidated onto EchoStar's balance sheet as of the October 1 effective date, reversing that deconsolidation and changing how leverage and cash flow for the pay-TV business appear in future filings.
The process resolves the near-term maturity wall that had been overhanging the satellite TV unit, clearing the July 2026 notes entirely and trimming the December 2026 notes. It addresses balance sheet risk rather than the subscriber losses and competitive pressure facing satellite TV, so the structural questions about that business remain separate from this debt fix.