Dish Network Announces Convertible Notes Offering

By on Aug, 2 2016 with Comments 0

Dish NetworkDish Network Corporation plans to offer $2 billion in convertible notes. It’s prepared to offer the initial purchaser an option to buy up to an additional $400 million in aggregate principal.

The company plans to use the net proceeds for strategic transactions. Those may include wireless and spectrum-related deals.

The notes will be unsecured obligations of Dish Network. Upon any conversion, Dish will settle its conversion obligation in cash, shares of its Class A common stock, or a combination of cash and shares of its Class A common stock, at its election.

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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