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DISH Network Places Offering of $400 Million in Senior Notes

Thu. September 24, 2009; Posted: 11:12 PM
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ENGLEWOOD, Colo., Sept 24, 2009 /PRNewswire-FirstCall via COMTEX/ -- DISH | Quote | Chart | News | PowerRating -- DISH Network Corporation (Nasdaq: DISH | Quote | Chart | News | PowerRating) today announced that its subsidiary, DISH DBS Corporation, has priced an offering of $400 million aggregate principal amount of debt securities at an issue price of 101.750%. The debt securities will be issued as additional 7.875% Senior Notes due 2019 under an indenture, dated August 17, 2009, pursuant to which DISH DBS Corporation issued $1 billion aggregate principal amount of such 7.875% senior notes on August 17, 2009. The Senior Notes offered by DISH DBS Corporation in this offering and the Senior Notes previously issued under the indenture will be treated as a single class of debt securities under the indenture. The net proceeds of the offering are intended to be used for general corporate purposes.

The offering is expected to close on October 5, 2009, subject to customary conditions.

DISH DBS Corporation placed the notes in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The notes have not been registered under the Securities Act and 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 securities 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 Corporation's Disclosure Regarding Forward-Looking Statements included in its recent filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its most recent quarterly report on Form 10-Q. The forward-looking statements speak only as of the date made, and DISH Network Corporation expressly disclaims any obligation to update these forward-looking statements.

About DISH Network Corporation

DISH Network Corporation (NASDAQ: DISH), the nation's HD leader, provides approximately 13.610 million satellite TV customers as of June 30, 2009 with the highest quality programming and technology at the best value, including the lowest all-digital price nationwide. Customers have access to hundreds of video and audio channels, the most HD channels, the most international channels, state-of-the-art interactive TV applications, and award-winning HD and DVR technology including 1080p Video on Demand and the ViP 722 HD DVR, a CNET and PC Magazine "Editors' Choice." DISH Network is included in the Nasdaq-100 Index (NDX) and is a Fortune 250 company. Visit www.dishnetwork.com.

SOURCE DISH Network Corporation

http://www.dishnetwork.com
For full details on Dish Network Corp Cl A (DISH) click here. Dish Network Corp Cl A (DISH) has Short Term PowerRatings of 5. Details on Dish Network Corp Cl A (DISH) Short Term PowerRatings is available at This Link.

    


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