Please ensure Javascript is enabled for purposes of website accessibility

Dish Network Raises $2.3 Billion With Debt Offering

By Tim Brugger - Apr 4, 2013 at 11:28AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The pay television provider issues five- and seven-year notes for institutional and offshore investors.

Dish Network (DISH 5.29%) 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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

DISH Network Corporation Stock Quote
DISH Network Corporation
DISH
$21.57 (5.29%) $1.08

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
338%
 
S&P 500 Returns
119%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/17/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.