EchoStar Corporation announced that its subsidiary, Hughes Satellite Systems Corporation (HSSC), along with several of its U.S. subsidiaries, has voluntarily filed for Chapter 11 bankruptcy protection on August 2, 2026. The company intends to use the proceedings to facilitate a financial and operational reorganization, strengthen its capital structure, and accelerate its strategic shift to focus on enterprise, government, and defense applications. HSSC expects to continue operations without interruption as a "debtor-in-possession."
Key Details
- Filing Date: The voluntary petitions were filed on August 2, 2026, in the U.S. Bankruptcy Court for the District of Texas.
- Financial Impact: The filing constitutes an event of default, triggering the automatic acceleration of HSSC's 5.25% Senior Secured Notes due 2026 and 6.625% Senior Notes due 2026.
- Scope: The Chapter 11 filing is limited to HSSC and certain of its U.S. subsidiaries. The parent company, EchoStar Corporation, and HSSC's international subsidiaries are not included in the proceedings.
- Management Changes: In conjunction with the filing, Robert Del Genio of FTI Consulting was appointed as Chief Restructuring Officer for HSSC, effective July 28, 2026. Additionally, Paul Gaske resigned from all director and officer positions at EchoStar and HSSC on the same date.