Dish Convertible Noteholders Tap Legal Counsel Amid Debt Swap

Some convertible noteholders to Dish Network Corp. have started to organize with law firm Paul Weiss Rifkind Wharton & Garrison following a proposal by the company’s parent to swap notes at distressed prices, according to people with knowledge of the situation who asked not to be identified discussing a private matter.

• EchoStar Corp. last week proposed a deal that would swap about $4.9 billion of convertible debt for new 10% secured bonds late Friday, using wireless spectrum as collateral
• Messages left with Dish and Paul Weiss were not returned
• EchoStar proposed another exchange on a different set of notes Tuesday, ...