DISH Network Prices Offering of $2 Billion in Senior Notes

DISH Network (DISH) today announced that its subsidiary, DISH DBS Corporation, has priced an offering of $2 billion aggregate principal amount of debt securities at an issue price of 99.093%. The debt securities will be issued as 6.75% Senior Notes due FY 2021.

Dish said the net proceeds of the offering are intended to be used for general corporate purposes.

The offering is expected to close on May 5, 2011, subject to customary conditions.

DISH lost 76 cents, or 2.55%, to $29.03 at 2:13 pm E.T. in Nasdaq composite trading.

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