Dish Network (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.
