Dish Network Corp. is currently facing significant challenges as its latest bond-exchange offer is expected to be rejected by its creditors. This rejection is crucial because the approval of the revised offer is necessary for Dish's proposed acquisition by DirecTV to proceed.

A group of investors, known as the steering committee, has expressed their dissatisfaction with the new proposal. The aim of the proposal is to reduce the minimum losses on $8.9 billion of bonds by $70 million, bringing the total to $1.5 billion. However, these investors do not consider the terms of the offer to be viable. This complicates Dish's efforts to move forward with the acquisition.