DISH Network Corporation (DISH) Announces Senior Notes Offer for $400M
DISH Network Corporation (Nasdaq: DISH) announced that, its subsidiary, DISH DBS Corporation, has priced an offering of $400M aggregate principal amount of debt securities at an issue price of 101.750% .The debt securities will be issued as additional 7.875% Senior Notes due 2019 under an ind enture, dated August 17, 2009, The offering is expected to close on October 5, 2009.
DISH, the nation's HD leader, provides approximately 13.610M satellite TV customers as of June 30, 2009. The net proceeds of the offering are intended to be used for general corporate purposes.
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