EchoStar’s Dish Network, which has more than $20B in debt, has received financing offers from private credit firms, Gillian Tan and Reshmi Basu of Bloomberg report, citing people with knowledge of the matter. Dish has fielded at least one proposal of more than $1B for financing that would be linked to a so-called unrestricted subsidiary, or a unit that’s free to incur debt, sources told Bloomberg. Among options on the table would be debt that is collateralized by Dish’s wireless spectrum, one of the people said. Shares of EchoStar are up 4% to $13.90 following the report.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SATS:
- EchoStar’s Hughes Network awarded contract from GA-ASI
- EchoStar price target lowered to $14 from $14.25 at Morgan Stanley
- EchoStar price target raised to $14.25 from $14 at Morgan Stanley
- EchoStar put volume heavy and directionally bearish
- EchoStar announces contract extension for ORAN-based private 5G networks
