Dish Network’s subsidiary, DISH DBS, is selling senior notes worth $2 billion. The bonds, which carry a coupon rate of 6.75%, are scheduled to mature on May 5, 2011.
The initially planned size of the deal was $1.75 billion. The sale proceeds will be used for general corporate purposes. The satellite TV provider appointed Deutsche Bank as the sole book-runner for the sale.
Click here for the release from PR Newswire.