Musk’s SpaceX Gives Boost to EchoStar Bondholders Under Ergen’s Grip
Two spectrum sales have changed the fortunes of EchoStar bondholders, who had been in a bitter fight with Charlie Ergen.
A Dish Network satellite dish on the roof of a home in Crockett, California, US, on Monday, July 31, 2023.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Welcome to The Brink. I’m Reshmi Basu, a reporter in New York, where I’ve been looking at what EchoStar spectrum’s deals mean for its creditors. We also have the latest on struggling UK utility Thames Water and news on Argentina’s bonds amid political turmoil. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Standing ground against an aggressive company owner sometimes works out just fine for creditors, even in the era of aggressive debt maneuvers.