DISH Network Places Offering of $1.9 Billion in Senior Notes
DISH Network Corporation (NASDAQ: DISH) today announced that its subsidiary, DISH DBS Corporation, has priced an offering of $900 million aggregate principal amount of 5-year debt securities at an issue price of 100% and $1 billion aggregate principal amount of 10-year debt securities at an issue price of 100%. The debt securities will be issued as 4.625% Senior Notes due 2017 and 5.875% Senior Notes due 2022. The net proceeds of the offering are intended to be used for general corporate purposes.
The offering is expected to close on May 16, 2012, subject to customary conditions.
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