DISH Network (DISH) Misses Q3 EPS by 3c

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DISH Network (DISH) Announces $4B Secured Debt Offering

November 8, 2021 7:51 AM EST

DISH Network Corporation (NASDAQ: DISH) today announced that its subsidiary, DISH DBS Corporation ("DISH DBS"), plans to offer, subject to market and other conditions, approximately $4 billion aggregate principal amount of its senior secured notes. The net proceeds of the offering are intended to be used to make an intercompany loan to DISH Network in order to finance the potential purchase of wireless spectrum licenses and for general corporate purposes, including the buildout of wireless infrastructure. The intercompany loan will be secured by (i) the cash proceeds of the loan and (ii) an interest in any... More