EchoStar Corporation has announced that holders of its 3.875% Convertible Senior Secured Notes due 2030 can convert their notes into cash, shares of the company’s common stock, or a combination of both. The conversion period begins on October 1, 2025, and ends at the close of business on December 31, 2025.
The company stated that the option to convert became available because the last reported sale price of EchoStar’s common stock exceeded 130% of the conversion price for at least 20 trading days during a consecutive 30-day period ending September 30, 2025. The notes are convertible at a rate of 29.73507 shares per $1,000 principal amount, which is equivalent to a conversion price of approximately $33.63 per share.
Holders may choose to surrender all or part of their notes in principal amounts of at least $1.00 or multiples thereof for conversion. Details about the process have been provided to noteholders through The Depository Trust Company and are also available from The Bank of New York Mellon Trust Company, N.A., which is acting as the conversion agent.
EchoStar clarified that “None of the Company, its Board of Directors or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Conversion Option.”
The announcement does not constitute an offer to sell or solicit an offer to buy securities and is subject to applicable securities laws.
EchoStar Corporation provides technology, networking services, television entertainment and connectivity solutions globally under several brands including EchoStar, Boost Mobile, Sling TV, DISH TV, HughesNet and others.
