Dish Network Looks to Sell $1 Billion in Debt Securities
July 23, 2012 | Jeffrey Hill
Dish Network subsidiary Dish DBS Corp. has released an offering of $1 billion in debt securities to potential investors at an issue price of 100.750 percent, the pay-TV operator confirmed July 20.
The company said the debt securities would be issued as additional 5.875 percent senior notes that are due in 2022 under an indenture dated May 16. Both the 2022 notes offered by Dish DBS Corp. and the 2022 notes issued under the indenture will be treated as a single class of debt securities under the indenture.
Dish said the net proceeds of the debt sale would be used for general corporate purposes. This offering is expected to close July 26, subject to customary conditions.