12:38 PM EDT, 04/11/2024 (MT Newswires) -- Echostar's ( SATS ) Dish Network unit is weighing funding offers from private credit firms in a bid to pay down a portion of $20 billion in debt, Bloomberg reported Thursday, citing according to people with knowledge of the matter.

The satellite television provider has received at least one offer providing over $1 billion in new funding, the sources reportedly told Bloomberg.

Dish is also reviewing other options, including taking on additional debt collateralized by its wireless spectrum, Bloomberg quoted the sources as saying.

Echostar ( SATS ) did not immediately responded to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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