"Dish Bondholders Set To Rebuff Firm's Latest Debt Exchange Offer; Investors Call Proposed $1.5B Loss On Swap Unworkable; They Have Previously Offered To Take A $300M Haircut" - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Dish Network Corp. bondholders are expected to reject the company's latest debt exchange offer, which is crucial for its proposed acquisition by DirecTV. The bondholders find the proposed $1.5 billion loss on the swap unworkable, having previously offered to take a $300 million loss.
November 01, 2024 | 7:43 pm
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Dish Network's bondholders are set to reject the company's latest debt exchange offer, which is necessary for the acquisition by DirecTV. The rejection could delay or jeopardize the merger.
The rejection of the debt exchange offer by bondholders is critical as it is a prerequisite for the DirecTV acquisition. This could negatively impact Dish's stock price due to potential delays or failure of the merger.
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