EchoStar Announces DISH DBS Bankruptcy Emergence and $4.35B Debt Reduction

Executive Summary

On October 1, 2026, EchoStar Corporation's subsidiary, DISH DBS Corporation, along with certain subsidiaries (the "DISH DBS Filing Entities"), satisfied all conditions precedent to their confirmed prepackaged Chapter 11 plan of reorganization and formally emerged from bankruptcy. As part of the restructuring, the DISH DBS Filing Entities reduced their aggregate debt load by approximately $4.35 billion and will be reconsolidated into EchoStar’s financial statements.

Key Event Breakdown

• Emergence from Chapter 11: The Bankruptcy Court for the Southern District of Texas confirmed the bifurcated prepackaged Chapter 11 plan for DISH DBS on September 29, 2026, which took effect on October 1, 2026.
• Substantial Deleveraging: Aggregate indebtedness was reduced by ~$4.35 billion through a combination of the plan's debt restructuring, the repayment in full of DISH DBS's 7.75% Senior Notes due July 1, 2026, and a partial early repayment of the 5.25% Senior Secured Notes due December 1, 2026.
• Supplemental Indentures (Item 1.01): Executed supplemental indentures for the 2026 and 2028 Secured Notes, the 7.375% Senior Notes due 2028, and the 5.125% Senior Notes due 2029.
• Accounting Reconsolidation (Item 2.01): DISH DBS was deconsolidated on June 30, 2026, upon entering Chapter 11; effective October 1, 2026, DISH DBS will be reconsolidated into EchoStar's financial statements.
• Reporting Timeline (Item 9.01): DISH DBS financial statements will be filed via Form 8-K amendment within 71 calendar days.