Cybersecurity
Dish Sees ‘Narrow Window’ to Address Its Growing Financing Needs
- Company has largest load of distressed debt among US issuers
- Bonds have dropped after cyber-security attack, business pivot
Photographer: Patrick T. Fallon/Bloomberg
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Dish Network Corp.’s Chairman Charlie Ergen sees a “narrow window” to address the company’s capital structure, which includes $14.7 billion of distressed debt that has been sliding further into troubled territory for the past few months.
Ergen told analysts during an earnings call Monday that the debt market is challenging and effectively closed to the company. That has Dish considering assets — particularly airwave licenses — as either collateral on new loans or some other option to help it handle its debt.