LA PLATA, Maryland — Satellite broadband provider EchoStar Corp. announced a complex series of transactions that, if approved by bondholders and government regulators, will reduce the company’s debt by $7 billion, extend the maturities of its remaining bonds and inject $2.5 billion into the business that survives the planned sale of its Dish Network to DirecTV.
The headline transaction was the agreement with DirecTV, which will purchase EchoStar’s Dish TV and Sling assets for $1 dollar plus the assumption of Dish’s debt.
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