The transaction is sourced from an 8-K filing with the SEC, filed via SEC EDGAR and published on September 30, 2024. The deal's current status is pending regulatory approval.
On the financial advisory side, J.P. Morgan acted as lead financial advisor to EchoStar, the target. On the acquirer side, PJT Partners acted as lead financial advisor to DIRECTV, while BofA Securities, Evercore, LionTree, and Morgan Stanley also provided (non-lead) financial advice to both DIRECTV and TPG per the same source sentence. Separately, Barclays acted as lead financial advisor to TPG, categorized as sponsor in the facts block.
On the legal side, White & Case LLP acted as legal counsel to EchoStar, the target, alongside Steptoe & Johnson PLLC named in the same source sentence. Ropes & Gray LLP and Crowell & Moring LLP acted as legal counsel to DIRECTV, the acquirer, alongside HWG LLP named in the same source sentence though not broken out as a separate structured entry.
Beyond the debt exchange and asset acquisition structure involving DISH DBS, DISH TV, and Sling TV, no further detail on the specific debt instruments exchanged or the allocation of consideration between DIRECTV and TPG is provided in the facts block.
Several items are not disclosed in the available record. The overall transaction value is not stated in the source document. While the source sentences reference Steptoe & Johnson PLLC (counsel alongside White & Case for EchoStar) and HWG LLP (counsel alongside Ropes & Gray and Crowell & Moring for DIRECTV), these are not broken out as separate structured legal advisor entries. No expected closing date or further timeline detail beyond the September 2024 filing date and pending-regulatory status is given.