Dish Network Raises $2.3 Billion With Debt Offering
Dish Network 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.
The article Dish Network Raises $2.3 Billion With Debt Offering originally appeared on Fool.com.Fool contributor Tim Brugger has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.