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EchoStar Places $1.5 Billion In Senior Notes
Englewood CO (SPX) Jan 24, 2006 EchoStar Communications has announced that its subsidiary, EchoStar DBS Corporation, has priced an offering of $1.5 billion aggregate principal amount of senior debt securities. The debt securities will be issued as 7-1/8% Senior Notes due 2016. The proceeds of the offering will be used to redeem EchoStar DBS Corporation's outstanding 9-1/8% Senior Notes due 2009 as well as for other general corporate purposes. The sale of the Notes is expected to close on Feb. 2, 2006, subject to customary conditions. EchoStar DBS Corporation placed the Notes in a private transaction under Rule 144A under the Securities Act. The Notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Community Email This Article Comment On This Article Related Links EchoStar The latest information about the Commercial Satellite Industry
ChinaSat 6B To Beam More TV Channels
Beijing (XNA) Jan 23, 2006A new satellite capable of transmitting 300 TV channels is expected to bring information signals to more households when launched in 2007. |
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