arstechnica.com
www.satelliteguys.us
I wonder if any of the debt holders were on the call? Holding 1.6b in debt would warrant a seat at the table.DISH had a conference call yesterday... From what was reported to me by a number of folks who were on the call DISH already got their money for this deal.
I reported what was told me to me by the participants in this post.
Looks like It’s official Directv Buying Dish
If it was my guess, I would think Charlie would be the winner of the actual war while the battle for $1 may be lost now as whatever Charlie has left, he will basically let the blood draining be a casualty of the new owner of DISH while he will try to get Boost growing and if successful, he...
No it isn't. The terme of the deal as I understand it, which the bondholders have to approve, is they would have to exchange their current bonds for new ones with less principal value, maturing later, with a larger interest rate (higher annual return to bondholders). Their alternative if they fail to approve it is the deal fails, EchoStar goes bankrupt and defaults on the debt.
It's actually TPG that owns both companies or the merged company and I haven't fact-checked this but I understand TPS already was a big time investor in Echostar
This^
There are multiple layers of debt. Most of the tv debt is being rolled and will be carried by Directv.
I checked the rather extensive TPS holdings portfolio and Echostar wasn't listed.
TPG isn't buying Echostar; just the DISH and Sling TV portions. It isn't clear who will own the satellite fleet.
A typo on my part. I looked at TPG and Echostar was not listed as one of their holdings/investments. Direct TV was listed.
See post #7:
www.satelliteguys.us
Scott G. told me that the DISH satellites are owned by Echostar and stay that way. So are the uplinks and pops and receiver manufacturing part and distribution. So that means that TPG is having to pay Echostar monthly to keep getting their channels uplinked and maintained by Echostar I would think. The Directv satellites I am not sure about, but I would think that TPG gets those, since ATT wanted out of the satellite business so bad they were willing to take DISH's debt and then TPG is paying ATT through 2029 for the 70% stake they once had, so around $7.6 billion dollars. As well as TPG giving $2 billion to Charlie to pay his debt payment in November, but this could be a loan and might have to be paid back in the future. Not for sure on that one.
As was pointed out, TPG isn't listed in Echostar's list of "bigs" and Echostar isn't listed in TPG's big list (not surprising as TPG has such huge investments).
