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Dish Network Raises $2.3 Billion With Debt Offering

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Dish Network (NASDAQ: DISH  ) has more than doubled the debt offering of senior notes, originally expected to total approximately $1 billion, that it first announced on April 2. According to a recent press release, Dish has placed two senior note offerings totaling $2.3 billion, which are available to qualified institutional and offshore investors only.

The first offering is for $1.1 billion senior notes, which will pay 5.125% and come due in 2020. The second has a $1.2 billion principal amount and will pay investors 4.25% and mature in 2018. Proceeds from the offering will be used for "general corporate purposes, which may include wireless and spectrum-related strategic transactions," according to the company.


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Tim Brugger
timbrugger

Tim has been writing professionally for several years after spending 18 years (Whew! Was it that long?)in both the retail and institutional side of the financial services industry. Tim resides in Portland, Oregon with his three children and the family dog.

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8/4/2015 3:59 PM
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