EchoStar Corporation Announces Conversion Period for 3.875% Convertible Senior Secured Notes due 2030
EchoStar (NASDAQ: SATS) notified holders that its 3.875% Convertible Senior Secured Notes due 2030 are convertible at holders' option from October 1, 2025 through the close of business on December 31, 2025. The Notes convert into cash, shares, or a combination at the company's election.
The Notes became convertible because the company's common stock closed above 130% of the conversion price for at least 20 trading days during the 30-trading-day test period ending September 30, 2025. The conversion rate is 29.73507 shares per $1,000 principal, equal to a conversion price of approximately $33.63 per share. Conversion procedures are available via DTC or the conversion agent, BNY Mellon.
EchoStar (NASDAQ: SATS) ha notificato ai detentori che i suoi 3,875% Convertible Senior Secured Notes due 2030 sono convertibili a scelta dei detentori da 1 ottobre 2025 fino alla chiusura degli affari del 31 dicembre 2025. Le Note si convertono in denaro, azioni o una combinazione a scelta della società.
Le Note sono diventate convertibili perché le azioni ordinarie della società hanno chiuso al di sopra del 130% del prezzo di conversione per almeno 20 giorni di negoziazione nel periodo di 30 giorni di test che termina il 30 settembre 2025. Il tasso di conversione è di 29,73507 azioni per $1.000 di capitale, pari a un prezzo di conversione di circa $33,63 per azione. Le procedure di conversione sono disponibili tramite DTC o l'agente di conversione, BNY Mellon.
EchoStar (NASDAQ: SATS) notificó a los tenedores que sus Notas Garantizadas Convertibles Senior a tasa del 3,875% vencidas en 2030 son convertibles a elección de los tenedores desde el 1 de octubre de 2025 hasta el cierre de operaciones del 31 de diciembre de 2025. Las Notas se convierten en efectivo, acciones o una combinación a elección de la empresa.
Las Notas se volvieron convertibles porque las acciones comunes de la compañía cerraron por encima del 130% del precio de conversión durante al menos 20 días de negociación dentro del periodo de prueba de 30 días que finalizó el 30 de septiembre de 2025. La tasa de conversión es de 29.73507 acciones por $1,000 de principal, lo que equivale a un precio de conversión de aproximadamente $33.63 por acción. Los procedimientos de conversión están disponibles a través de DTC o el agente de conversión, BNY Mellon.
EchoStar (NASDAQ: SATS)는 보유자들에게 그들의 3.875% 전환형 선순위 담보부 채권(만기 2030)이 보유자의 선택으로 2025년 10월 1일부터 2025년 12월 31일 영업 종료 시까지 전환 가능하다고 통지했습니다. 채권은 회사의 재량에 따라 현금, 주식 또는 그 조합으로 전환됩니다.
채권이 전환 가능해진 이유는 회사의 보통주가 2025년 9월 30일 종료되는 30거래일 테스트 기간 동안 최소 20 거래일 동안 전환가액의 130%를 상회했기 때문입니다. 전환비율은 1,000달러당 29.73507주로, 전환가액은 대략 주당 $33.63에 해당합니다. 전환 절차는 DTC 또는 전환 대리인인 BNY Mellon을 통해 이용 가능합니다.
EchoStar (NASDAQ: SATS) a informé les porteurs que ses notes garanties convertibles seniors à 3,875% arrivant à échéance en 2030 peuvent être converties à l’option des porteurs du 1er octobre 2025 jusqu’à la clôture des activités le 31 décembre 2025. Les notes se convertissent en espèces, actions ou une combinaison à l’option de la société.
Les notes sont devenues convertibles car l’action ordinaire de la société a clôturé au-delà de 130% du prix de conversion pendant au moins 20 jours de négociation dans la période d’essai de 30 jours se terminant le 30 septembre 2025. Le taux de conversion est de 29,73507 actions par 1 000 $ de principal, soit un prix de conversion d’environ 33,63 $ par action. Les procédures de conversion sont disponibles via DTC ou l’agent de conversion, BNY Mellon.
EchoStar (NASDAQ: SATS) benachrichtigte die Inhaber, dass seine 3,875% wandelbaren Senior-Sicherungs-Noten mit Fälligkeit 2030 ab dem 1. Oktober 2025 bis zum Geschäftsschluss am 31. Dezember 2025 auf Wahl der Inhaber wandelbar sind. Die Anleihen wandeln sich nach Wahl des Unternehmens in Bargeld, Aktien oder eine Kombination um.
Die Anleihen wurden wandelbar, weil der Stammaktienkurs des Unternehmens an mindestens 20 Handelstagen im 30-Handelstage-Testzeitraum bis zum 30. September 2025 über 130% des Wandlungspreises geschlossen hat. Der Wandlungssatz beträgt 29,73507 Aktien pro 1.000 USD Nominalwert, entsprechend einem Wandlungspreis von ca. 33,63 USD pro Aktie. Die Umtauschverfahren sind über DTC oder den Wandlungsagenten, BNY Mellon, erhältlich.
EchoStar (NASDAQ: SATS) أبلغت الحائزين أن سنداتها القابلة للتحويل من الدرجة الأولى المضمونة بفائدة 3.875% والتي تستحق في 2030 قابلة للتحويل حسب خيار الحامل من 1 أكتوبر 2025 حتى إغلاق التعاملات في 31 ديسمبر 2025. تتحول الأسهم إلى نقد أو أسهم أو مزيج حسب اختيار الشركة.
أصبحت السندات قابلة للتحويل لأن سعر إغلاق السهم العادي للشركة تجاوز 130% من سعر التحويل لمدة لا تقل عن 20 يوماً من التداول خلال فترة الاختبار البالغة 30 يوماً المنتهية في 30 سبتمبر 2025. معدل التحويل هو 29.73507 سهماً لكل 1,000 دولار من الأصل، ما يعادل سعر تحويل يقارب 33.63 دولاراً للسهم. يمكن الوصول إلى إجراءات التحويل من خلال DTC أو وكيل التحويل، BNY Mellon.
EchoStar（纳斯达克股票代码：SATS） 通知持有人，其 3.875% 2025 年到期的高级可转换担保票据（2030 年到期）可在 2025 年 10 月 1 日起至 2025 年 12 月 31 日营业结束前由持有人自行选择转换。票据可按公司选择以现金、股票或两者的组合进行转换。
之所以成为可转换，是因为公司普通股在截至 2025 年 9 月 30 日的 30 个交易日测试期内，至少有 20 个交易日收盘价格高于 转换价的 130%。转换比率为每 1000 美元本金 29.73507 股，相当于约 33.63 美元/股的转换价。转换程序可通过 DTC 或转换代理人 BNY Mellon 获取。
- Notes became convertible after meeting the 20-of-30 trading-day price trigger
- Conversion rate: 29.73507 shares per $1,000 principal
- Conversion price approximately $33.63 per share
- Conversion window limited to Oct 1–Dec 31, 2025, creating a defined near-term dilution decision
- Company may elect cash, shares, or combination, introducing potential cash outflow or share dilution
Insights
Conversion window open through
The convertible notes became eligible for holder conversion because the common stock met the 20-of-30 trading‑day trigger; holders may convert from
This changes the company’s capital structure only if holders elect conversion and depending on the company’s settlement choice. Key dependencies include the company’s election to pay cash versus shares and the aggregate principal amount surrendered; the release provides no outstanding principal figure, so direct dilution or cash outflow cannot be quantified from the disclosed facts. Watch the company’s settlement election and any subsequent filings or notices before
The Notes became convertible because the last reported sale price of shares of the Company's common stock, for at least 20 trading days during the period of 30 consecutive trading days ending on, and including, the last trading day of the calendar quarter ended September 30, 2025, was greater than
The Notes are convertible at a conversion rate of 29.73507 shares of the Company's common stock per
The Company has issued a notice to holders with respect to the Conversion Option specifying the applicable terms, conditions and procedures. The notice is available through The Depository Trust Company or by requesting a copy from The Bank of New York Mellon Trust Company, N.A., which is serving as the conversion agent, at:
The Bank of New York Mellon Trust Company, N.A.
601 Travis Street, 16th floor
Attn: Rafael Martinez
None of the Company, its Board of Directors or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Conversion Option.
This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About EchoStar Corporation
EchoStar Corporation (Nasdaq: SATS) is a premier provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator and government solutions worldwide under its EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™ brands. In
©2025 EchoStar, Hughes, HughesNet, DISH and Boost Mobile are registered trademarks of one or more affiliate companies of EchoStar Corp.
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SOURCE EchoStar Corporation
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