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"$SATS's and its subs' debts are reported on a consolidated basis in financial statements (as required by GAAP) but operationally and legally they arepartitioned by entity. EchoStar hasno direct legal responsibility to pay those subsidiary obligationsunder the current corporate structure. Each set of notes has its own indenture with covenants monitored at the issuing entity level. We found no evidence in SEC filings investor calls or bond prospectuses of any parent-company guarantee or co-liability for the debts of EchoStar's Pay-TV or Hughes subsidiaries"
X Link @transhumanica 2025-10-13T16:54Z XXX followers, XXX engagements