Dish creditors weigh sending default notice, Bloomberg reports

Some Dish Network creditors are examining legal options including sending a default notice to the company after it moved prized assets out of bondholders’ reach, Reshmi Basu of Bloomberg reports, citing people with knowledge of the matter. The discussions come after the company’s bonds sunk on EchoStar’s decision to shuffle spectrum licenses and television customers into new legal entities, notes Basu. The creditors are considering whether Dish’s asset transfers run against the rules governing the company’s debt contracts, giving rise to a technical default, sources told Bloomberg.