EchoStar CORP 8K

EchoStar created a $2.4 billion FCC‑mandated Wireless Creditor Trust with The Bank of New York Mellon to satisfy specified third‑party claims related to spectrum assets being transferred to AT&T and SpaceX, with structured priorities and DISH Wireless‑secured reserves for small claims and any excess funds returning to EchoStar.

EchoStar Corporation entered into a Wireless Creditor Trust Agreement with The Bank of New York Mellon, as trustee, to establish a $2.4 billion trust mandated by Federal Communications Commission orders as a condition to transferring certain spectrum and earth station licenses to AT&T Mobility II LLC and Space Exploration Technologies Corp. The trust, funded directly from the proceeds of the AT&T spectrum sale, will hold and administer the contribution solely for the benefit of vendors and other counterparties with qualifying claims arising from construction, operation, maintenance, decommissioning, and related activities tied to the licensed communications network and sites. Of the total, $200 million is segregated in a secured Type A Claims Reserve, over which DISH Wireless L.L.C. holds a perfected security interest on behalf of certain small claimants, with distributions governed by detailed procedures that prioritize full payment of Type A claims before other categories. The agreement outlines strict claims submission, categorization, and distribution mechanics, quarterly reporting to the FCC and EchoStar, investment parameters for trust assets, and data privacy, KYC/AML, and sanctions controls, while providing that any residual assets after satisfying all eligible claims and expenses revert to EchoStar upon trust termination.

Filing Facts

CIK

1415404

Ticker

ECHO

Form

8K

Source Type

sec

Accession

0001415404-26-000035

Alert Tier

7