DISH Network Places Offering of $2 Billion in Senior Notes
09 June 2016 - 9:05PM
Business Wire
DISH Network Corporation (“DISH Network”) (NASDAQ: DISH)
today announced that on June 8, 2016 its subsidiary, DISH DBS
Corporation (“DISH DBS”), priced an offering of $2 billion
aggregate principal amount of 7.75% Senior Notes due 2026 (the
“Notes”). The Notes will be issued at an issue price of 100%. The
net proceeds of the offering are intended to be used for strategic
transactions, which may include wireless and spectrum-related
strategic transactions.
The offering is expected to close on June 13, 2016, subject to
customary conditions.
The Notes will only be offered and sold to qualified
institutional buyers in accordance with Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”) and in
offshore transactions in accordance with Regulation S under the
Securities Act. The Notes being offered have not been and will not
be registered under the Securities Act or the securities laws of
any other jurisdiction. The Notes may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements. This press release does not constitute
an offer to sell or a solicitation of an offer to buy any of the
Notes; nor shall there be any sale of these Notes in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Except for historical information contained herein, the matters
set forth in this press release are forward-looking statements. The
forward-looking statements set forth above involve a number of
risks and uncertainties that could cause actual results to differ
materially from any such statement, including the risks and
uncertainties discussed in DISH Network’s and DISH DBS’ Disclosure
Regarding Forward-Looking Statements included in their recent
filings with the Securities and Exchange Commission, including
their annual reports on Form 10-K and quarterly reports on Form
10-Q. The forward-looking statements speak only as of the date
made, and DISH Network and DISH DBS expressly disclaim any
obligation to update these forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20160609005348/en/
DISHMedia:Bob Toevs,
303-723-2010bob.toevs@dish.com@DISHNewsorInvestor:Jason Kiser,
303-723-2210jason.kiser@dish.com
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