Dish Network Fields Financing Offers From Private Credit Firms
- A proposal offers more than $1 billion to unrestricted unit
- Ergen’s satellite-TV company has more than $20 billion in debt
Dish has fielded at least one proposal of more than $1 billion for financing that would be linked to a so-called unrestricted subsidiary.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Dish Network Corp., the satellite-TV provider saddled with more than $20 billion in debt and losing customers, has received financing offers from private credit firms, according to people with knowledge of the matter.
Dish has fielded at least one proposal of more than $1 billion for financing that would be linked to a so-called unrestricted subsidiary, or a unit that’s free to incur debt, said the people, who requested anonymity to discuss confidential talks. Among options on the table would be debt that is collateralized by Dish’s wireless spectrum, one of the people said.