Paul, Weiss advised an ad hoc group of DISH Network Corporation convertible noteholders in certain strategic transactions completed by DISH parent company EchoStar Corporation. EchoStar is a fully integrated communication and content delivery leader and provider of technology, spectrum, engineering, manufacturing, networking services, television entertainment and connectivity services. The transactions included an exchange offer of approximately $2 billion of 0% convertible notes due 2025; EchoStar’s issuance of 10.75% senior Spectrum secured notes due 2029, providing approximately $5.2 billion of fresh cash capital to EchoStar’s balance sheet; and a private investment in public equity (PIPE) transaction, providing $400 million in incremental cash. The strategic transactions position EchoStar for the further enhancement of its nationwide Open RAN 5G Network.

The Paul, Weiss team was led by partners Sung Pak and Robert Britton, and included, among others, corporate partner David Huntington and counsel Lyudmila Bondarenko, David Sobel and Tom Good; restructuring partner Kyle Kimpler and counsel Karen Zeituni and Douglas Keeton; tax partner Anne McGinnis and counsel Patrick Karsnitz and Samir Kurani; and litigation partner Gregory Laufer.