This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Dish Network Corp. and Echostar Corp. have completed their merger, closing the deal on December 31. Post the merger, Dish, which has significant debt and needs around $16bn in new capital over the next 3 years, will now have access to more cash and time to expand its 5G network and broadband offerings. According to Bloomberg Intelligence, Dish will gain access to Echostar’s ~$2bn in cash and modest free cash flows, as a result of the merger. As part of the merger, Dish notes which were earlier convertible to its Class A shares, will now be convertible into Echostar shares, according to the company filing.
Dish’s dollar bonds traded stable with its 11.75% 2027s at 104.6 cents on the dollar, yielding 10.3%
For more details, click here