EchoStar Plans $2.5 Debt Offering9/19/2003 11:43 AM Eastern
EchoStar Communications Corp. said Friday that its EchoStar DBS Corp.
subsidiary has priced an offering for about $2.5 billion in debt.
The debt will be issued in three series: $500 million in five-year senior
notes, $1 billion in 5.75% five-year senior notes and $1 billion in 6.375%
eight-year senior notes.
The proceeds are earmarked to repurchase or redeem all or a portion of
EchoStar DBS Corp.’s 9.375% senior notes due 2009, other outstanding debt
securities and for general corporate purposes.