EchoStar’s Hughes Satellite Systems Files for Chapter 11 Ahead of $1.5B Debt Maturity
Bookmark this storyHughes Satellite Systems, an EchoStar subsidiary, filed for Chapter 11 bankruptcy protection after warning it lacked the cash to meet $1.5 billion in debt obligations due Aug. 1. The filing adds pressure to EchoStar’s broader balance-sheet restructuring across its satellite broadcasting and wireless businesses.
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