| LONG-TERM DEBT AND OTHER NOTES PAYABLE |
NOTE 8. LONG-TERM DEBT AND OTHER NOTES PAYABLE The following table summarizes the carrying amount and fair value of our debt facilities as of March 31, 2025 and December 31, 2024: | | | | | | | | | | | | | | | As of | | | March 31, 2025 | | December 31, 2024 | | | Carrying
Amount | | Fair
Value | | Carrying
Amount | | Fair
Value | | | | (In thousands) | 5 1/4% Senior Secured Notes due 2026 (1) | | $ | 750,000 | | $ | 701,700 | | $ | 750,000 | | $ | 686,475 | 6 5/8% Senior Notes due 2026 | | | 750,000 | | | 615,563 | | | 750,000 | | | 595,725 | Other notes payable | | | 46,445 | | | 46,445 | | | 44,774 | | | 44,774 | Subtotal | | | 1,546,445 | | $ | 1,363,708 | | | 1,544,774 | | $ | 1,326,974 | Unamortized deferred financing costs and other debt discounts, net | | | (1,280) | | | | | | (1,509) | | | | Total | | | 1,545,165 | | | | | | 1,543,265 | | | | Less: current portion | | | (14,562) | | | | | | (9,548) | | | | Long-term debt and other notes payable, net of current portion | | $ | 1,530,603 | | | | | $ | 1,533,717 | | | |
| (1) | During the three months ended March 31, 2025, our parent, EchoStar, purchased approximately $123 million of our 5 1/4% Senior Secured Notes due 2026 in open market trades. The repurchase is held at EchoStar. |
We estimated the fair value of our publicly traded long-term debt using market prices in less active markets (Level 2).
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