Dish Network Rails Against DBSD Ch. 11 Financing

Law360, New York (February 24, 2010, 3:03 PM EST) -- DBSD North America Inc.’s bid to hasten the closing of the $54 million credit facility central to its massive debt restructuring has come under fire from secured lender Dish Network Corp., which contends that DBSD is using the facility to thwart Dish’s challenge to the Chapter 11 plan's confirmation.

On Tuesday, Dish and subsidiary Chesapeake Capital Advisors LLC urged Judge Robert Gerber of the U.S. Bankruptcy Court for the Southern District of New York to reject DBSD’s recent motion to approve the syndication materials for the...
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