EchoStar May Sell $3 Billion in Spectrum-Backed Bonds, BI Says

EchoStar may sell up to $3 billion of bonds backed by airwaves to meet obligations including bond maturities and minority interest purchases, according toBloomberg Intelligence’s Stephen Flynn.

• The company could issue notes backed by 20 MHz of AWS-4 airwaves, made up of the spectrum licenses they took from Dish Network on Jan. 10
  • The new notes could be compared with Dish Network’s $3.5 billion of 11.75% spectrum-backed notes due in 2027
• EchoStar faces a $1 billion convertible bond maturity on March 15, $2 billion Dish DBS notes due Nov. 15, and a $420 million pending buyout
  • The company ...