Dish DBS Files for Prepackaged Chapter 11 Bankruptcy to Restructure Debt
By
Lucas Manfredi
Summary
Dish DBS Corp., the satellite pay TV provider owned by EchoStar, filed for prepackaged Chapter 11 bankruptcy in a Houston court. The filing seeks to implement a previously announced restructuring plan that would allow Dish to pay off debt early without penalty. The plan has support from over 88% of Dish DBS' secured and unsecured noteholders and from holders of more than $8.8 billion in Dish Wireless debt. Dish expects to emerge from bankruptcy by the end of the third quarter.
Source
Twitter / XDish DBS Files for Prepackaged Chapter 11 Bankruptcy to Restructure Debtthewrap.comKey quotes
· 2 pulledIf approved by the United States Bankruptcy Court for the Southern District of Texas' Houston Division, the move would implement the terms of a previously announced restructuring plan that would allow Dish to pay off debt early with no penalty.
The plan, which has support from holders of more than 88% of Dish DBS' secured and unsecured notes and from holders of more than $8.8 billion in Dish Wireless debt, is intended to allow...
You might also wanna read
Dish Network files for Chapter 11 bankruptcy; TV and streaming services to continue operating
Dish Network has filed for Chapter 11 bankruptcy as part of a restructuring plan that allows its parent company EchoStar to continue winding
theverge.com·6h ago
DISH Satellite TV Review: Affordable Nationwide Coverage, Especially for Rural Viewers
DISH satellite TV remains a strong value proposition for TV viewers, especially those in rural areas with limited access to cable or streami
Rolling Stone·25d ago
Subprime Auto Lender PrimaLend Files for Bankruptcy Following Debt Default
PrimaLend Capital Partners, a subprime auto lender, has filed for bankruptcy in the Northern District of Texas after missing interest paymen
bloomberg.com·8mo ago
Personal Experience with Dish Network DVR Service in 2007
The article describes a personal story about moving to a new apartment and switching to Dish Network in 2007, where the author discovered DV
idiallo.com·4mo ago
On The Border closes all 60 company-owned restaurants after bankruptcy and acquisition by Pappas Restaurants
Tex-Mex restaurant chain On The Border has closed all 60 of its company-owned locations across the U.S. after filing for Chapter 11 bankrupt
bit.ly·17d ago
Sonder Hotel Chain Bankruptcy Forces Guests to Vacate Accommodations Mid-Stay
Sonder, a property rentals firm, has suddenly gone bankrupt, forcing guests worldwide to leave their accommodations mid-stay. The collapse w
bbc.com·7mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.