AMERICAS DISTRESS DAILY: Dish-DirecTV Deal Hangs in the Balance

Oct. 28, 2024, 1:14 PM UTC

Just days before a key deadline linked to the proposed tie-up between Dish Network and DirecTV, talks with creditors have devolved into a dispute that threatens to upend the almost $10 billion deal.

At the crux of the row is a distressed exchange that would force bondholders to take a nearly $1.6 billion loss. Creditors say the proposal is “unworkable” and want to be paid back in full; DirecTV is threatening to walk away entirely if there’s no agreement on the exchange by Oct. 29.

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