EchoStar Subsidiary Prices Debt Offering


EchoStar Communications’ EchoStar DBS subsidiary priced its offering of $500 million aggregate principal amount of debt securities (

The direct-broadcast satellite company said the debt securities will be issued as 7% senior notes due 2013, and net proceeds of the offering are intended to be used to replace cash on hand that will be used to redeem outstanding floating-rate senior notes due 2008 on Oct. 1, 2006 (

EchoStar added that the sale of the notes is expected to close Oct. 18.