Dish Creditors Weigh Legal Options Including Default Notice
- Some creditors are examining possible technical defaults
- Controversial asset moves frequently face litigation
A Dish Network authorized dealer in San Pablo, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Some Dish Network Corp. creditors are examining legal options including sending a default notice to the company after it moved prized assets out of bondholders’ reach, according to people with knowledge of the matter.
The discussions come after the company’s bonds plummeted — in at least one case to a record low — on its decision to shuffle valuable spectrum licenses and television customers into new legal entities. Such moves are often precursors to rescue money deals that hurt existing creditors.