Echostar 3rd Quarter Conference call

[MikeD-C05]

I have heard they don't have to pay it back, that was a gamble TPG took.

As I said before if this is true, then it would not surprise me to see DISH ending. up owning DIRECTV.

I learned a long time ago, never count Charlie out.

Unless Charlie spends his own wealth to make that deal, I don't see that happening. But Charlie is only worth about $2.8 billion, so I doubt he wants to take that gamble right now. Always better to use other people's money - in this case TPGs.

 

[MikeD-C05]

DirecTV agrees to buy Dish for $1, assuming its billions of dollars in debt

The deal still hinges on Dish bondholders agreeing on net debt lower than $1.56 billion, which a DirecTV spokesperson said the company will look to secure in the coming weeks. Bondholders can accept a lower percentage, take a slightly higher percentage today, or wait it out, which risks Dish ending up in bankruptcy. Dish shared an exchange offering in a press release on Monday.

Dish currently has a $2 billion debt maturity coming up on November 23. To secure funding through a shared revenue stream, TPG and DirecTV will provide Dish with a $10 billion loan that will allow the company to pay off its maturity on November 24.

This is the first time I saw anything about $10 billion loan to Charlie. I had read it was $2.5 billion when they first talked about it. Would like to know where that came from?

 

[b4pjoe]

This is the first time I saw anything about $10 billion loan to Charlie. I had read it was $2.5 billion when they first talked about it. Would like to know where that came from?

From the article I posted from abc7ny.com.

Do you really think AT&T/TPG/DIRECTV would be willing to just give DISH $2.5 billion dollars to make their November payment if the sale doesn't go through? Now one in their right mind would agree to that. As far as the $10 billion dollar loan I am not sure of but I am sure they aren't going to give the money for the November loan payment and lose it if the sale doesn't go through.

 

[Bruce]

From the article I posted from abc7ny.com.

Do you really think AT&T/TPG/DIRECTV would be willing to just give DISH $2.5 billion dollars to make their November payment if the sale doesn't go through? Now one in their right mind would agree to that. As far as the $10 billion dollar loan I am not sure of but I am sure they aren't going to give the money for the November loan payment and lose it if the sale doesn't go through.

It does not make sense to me either, but neither does wanting to be in and invest in Satellite TV, does not make sense either.

 

[MikeD-C05]

It does not make sense to me either, but neither does wanting to be in and invest in Satellite TV, does not make sense either.

Definitely. There time is now past.