EchoStar Corp Class A
ECHO: XNAS (USA)
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EchoStar: New Capital Removes Near-Term Bankruptcy Risk, but Uncertainty Remains Very High
EchoStar plans to undertake a complex series of transactions to improve its viability. The firm will sell its television business to DirecTV in exchange for about $10.5 billion, primarily composed of debt assumption. Existing EchoStar convertible bondholders will provide $5.5 billion of new capital.
