Dish Network Corp Announces Offering Of $2.3 Billion In Senior Notes

Wednesday, 3 Apr 2013 08:00am EDT 

Dish Network Corp announced that its subsidiary, DISH DBS Corporation, has priced an offering of $1.1 billion aggregate principal amount of 5.125% Senior Notes due 2020 (the 2020 Notes) and $1.2 billion aggregate principal amount of 4.250% Senior Notes due 2018 (the 2018 Notes). The 2020 Notes and the 2018 Notes will, in each case, be issued at an issue price of 100%. The net proceeds of the offering are intended to be used for general corporate purposes, which may include wireless and spectrum-related strategic transactions. The offering is expected to close on April 5, 2013, subject to customary conditions. 

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