Item 8.01. Other.
EchoStar Corporation (the “Company”) engaged in negotiations with certain holders of various senior debt securities (the “DDBS Notes”) issued by DISH DBS Corporation (“DDBS”) that are members of an ad hoc group of holders of DDBS securities represented by Milbank LLP (the “Milbank AHG”). Such negotiations concerned a potential transaction involving (i) an exchange of certain DDBS Notes for new secured notes with an extended maturity date, at an exchange ratio reflecting discounts to the face amount of the DDBS Notes and premia to market prices for the DDBS Notes and (ii) certain holders of DDBS Notes, including members of the Milbank AHG, lending new money to the Company. Such negotiations concluded, and the Company and members of the Milbank AHG did not reach an agreement with respect to a transaction.
The Company remains engaged with various other parties regarding possible financing transactions.
Item 9.01. Financial Statements and Exhibits.
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Forward-Looking Statements
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Such statements include, in particular, statements about potential financing transactions. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from those expressed or implied include the factors discussed under the section entitled “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”), and under the section entitled “Risk Factors” of DISH’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC. The Company undertakes no obligation to update or supplement any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.