Hughes Satellite Systems Corp

Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. EchoStar Corporation (“EchoStar”) has elected not to make approximately $183 million in cash interest payments due on June 1, 2026 (the “Interest Payments”) with respect to its DISH DBS Corporation (“DDBS”) subsidiary’s 5.25% secured notes due 2026 (the “2026 Notes”), 5.75% secured notes due 2028 (the “2028 Notes”) and 5.125% unsecured notes due 2029 (the “2029 Notes, and collectively with the 2026 Notes and the 2028 Notes, the “DBS Notes”) comprised of approximately $72.2 million under the 2026 Notes, $71.9 million under the 2028 Notes and $38.4 million under the 2029 Notes. Under each of the indentures governing the DBS Notes (the “DBS Notes Indentures”), such non-payment is a default and we have a 30-day grace period to make the Interest Payments before such non-payment constitutes an Event of Default (as such term is defined in the DBS Notes Indenture) with respect to the DBS Notes. EchoStar elected not to make the Interest Payments on the due date to defer liquidity utilization pending the receipt of net closing proceeds of $20.25 billion from the AT&T Transactions (as defined in EchoStar’s SEC filings). The AT&T Transactions have received regulatory approvals from both the Federal Communications Commission (FCC) and the Department of Justice (DOJ); however, the FCC’s approval remains subject to the FCC’s order becoming final. Consummation of the AT&T Transactions remains subject to the satisfaction or waiver of certain other closing conditions as described in EchoStar’s Current Report on Form 8-K filed on August 26, 2025.