Dish Wants No Post-Petition Financing For DBSD

By James Armstrong

Law360, New York (December 11, 2009, 2:47 PM ET) -- Dish Network Corp. is fighting bankrupt satellite communications company DBSD North America Inc.'s bid for post-petition financing on a first-lien, secured super-priority basis, saying interest savings from such an arrangement are outweighed by the administrative complications and duplicative costs incurred in connection with such a facility.

In an objection on Thursday, Dish Network asked the U.S. Bankruptcy Court for the Southern District of New York not to grant DBSD's motion authorizing the post-petition financing, arguing that there is no competitive advantage to granting junior-priority liens over...
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