EchoStar Elects Not to Make Interest Payment on 2029 Notes

EchoStar elects not to make an approximately $326 million cash interest payment due on May 30, 2025 with respect to its 10.75% senior spectrum secured notes due 2029.

• “Company has elected not to make the Interest Payment to allow time for the FCC to provide the relief requested in our Response prior to the expiration of the 30-day grace period, so that we may confidently continue investing in our network buildout and expansion of our Boost business and MSS service”
• EchoStar has a 30-day grace period to make interest payment
• Company says, “FCC letter and public notices introduce the possibility ...