EchoStar Corp., a telecommunications company controlled by billionaire Charlie Ergen, is facing a potential bankruptcy filing due to a looming debt deadline. The company has skipped bond coupon payments, prompting law firm Akin Gump Strauss Hauer & Feld and investment bank Centerview Partners LLC to advise its major shareholders. With a 30-day grace period remaining before default, EchoStar’s bondholders are gathering to discuss possible courses of action, including filing for bankruptcy protection. The move comes as the company faces scrutiny from the Federal Communications Commission (FCC).
Source: https://www.bloomberg.com/news/articles/2025-06-10/echostar-bondholders-huddle-with-akin-gump-as-default-looms