DISH Network Announces Debt Offering

[bluegras]

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corporation ("DISH Network") (NASDAQ: DISH) today announced that its subsidiary, DISH DBS Corporation("DISH DBS"), plans to offer, subject to market and other conditions, approximately $750 million aggregate principal amount of its senior notes. The net proceeds of the offering are intended to be used for strategic transactions, which may include wireless and spectrum-related strategic transactions.

http://investor.echostar.com/releasedetail.cfm?ReleaseID=974800

 

[Troch77]

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corporation ("DISH Network") (NASDAQ: DISH) today announced that its subsidiary, DISH DBS Corporation("DISH DBS"), plans to offer, subject to market and other conditions, approximately $750 million aggregate principal amount of its senior notes. The net proceeds of the offering are intended to be used for strategic transactions, which may include wireless and spectrum-related strategic transactions.

http://investor.echostar.com/releasedetail.cfm?ReleaseID=974800

What does this mean Allen?

Samsung Galaxy S6 Active

 

[Bobby]

What does this mean Allen?

Samsung Galaxy S6 Active

Trolling are we? Allen is passing along information not making it.... Now, if you hadn't called out Allen specifically and simply asked the forum what it might mean it isn't trolling. But otherwise....

 

[Juan]

It means they are buying something

 

[Scott Greczkowski]

Here is the full press release.

DISH Network Announces Debt Offering

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- DISH Network Corporation ("DISH Network") (NASDAQ: DISH) today announced that its subsidiary, DISH DBS Corporation ("DISH DBS"), plans to offer, subject to market and other conditions, approximately $750 million aggregate principal amount of its senior notes. The net proceeds of the offering are intended to be used for strategic transactions, which may include wireless and spectrum-related strategic transactions.

The notes will only be offered and sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and in offshore transactions in accordance with Regulation S under the Securities Act. The notes being offered have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction. The notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the notes; nor shall there be any sale of these notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Except for historical information contained herein, the matters set forth in this press release are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in DISH Network's and DISH DBS' Disclosure Regarding Forward-Looking Statements included in their recent filings with the Securities and Exchange Commission, including their annual reports on Form 10-K and quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date made, and DISH Network and DISH DBS expressly disclaim any obligation to update these forward-looking statements.

 

[JSheridan]

I'd bet that DISH is going to use this money to build out some kind of wireless system using the spectrum that they own.

 

[bluegras]

guys all i am doing is passing the info along to you guys no commentary or opinions from me on these news releases thanks Allen

 

[lakebum431]

It doesn't necessarily mean they are doing anything. Note the words "may include". They likely evaluated their current debt exposure, identified a favorable rate environment and took out the debt. With the upcoming expectations that the Federal Reserve is going to raise the base lending rate, they likely expect an increase in the debt market rates as well. This is just a standard business move. Don't think too much into it.

 

[JSheridan]

It doesn't necessarily mean they are doing anything. Note the words "may include". They likely evaluated their current debt exposure, identified a favorable rate environment and took out the debt. With the upcoming expectations that the Federal Reserve is going to raise the base lending rate, they likely expect an increase in the debt market rates as well. This is just a standard business move. Don't think too much into it.

Except that Charlie and Mark Cuban made a joint appearance at Team Summit and hinted otherwise.

 

[DWS44]

Except that Charlie and Mark Cuban made a joint appearance at Team Summit and hinted otherwise.

Hmmm...Mark Cuban...that's quite the tag team partner.

(He was even a SatGuy once...for about 10 minutes. hehe)

 

[lakebum431]

Except that Charlie and Mark Cuban made a joint appearance at Team Summit and hinted otherwise.

That's cool. What did they say?

 

[JSheridan]

That's cool. What did they say?

I wasn't there but 2 people from our office were and the message I got was that we should look for something very exciting in about a year or two.

 

[charlesrshell]

I wasn't there but 2 people from our office were and the message I got was that we should look for something very exciting in about a year or two.

Hope it is a DPH42 switch!

 

[JSheridan]

Hope it is a DPH42 switch!

Hopefully we'll see the switch before then.

 

[Tampa8]

I'd bet that DISH is going to use this money to build out some kind of wireless system using the spectrum that they own.

That's certainly what I would think, I posted a similar thought by Solid Signal in another thread.

 

[JSheridan]

That's certainly what I would think, I posted a similar thought by Solid Signal in another thread.

It looks like all the pieces are coming together.

 

[Tampa8]

Trolling are we? Allen is passing along information not making it.... Now, if you hadn't called out Allen specifically and simply asked the forum what it might mean it isn't trolling. But otherwise....

Yikes, tough crowd.....

 

[The Fat Man]

If they are going to follow the AT&T Directv model, they really need to build wireless. I'm not sure that they need to compete exactly in that manner, but if that's their buisness model, it makes sense.

 

[Tampa8]

Make no mistake about it, DISH needs to and I believe this is exactly what they are doing, provide video service via wireless. It was said many moons ago here if DISH could really pull off their own wireless network and provide video (TV) over it they could be big players, well until they were then bought out.

 

[DishSubLA]

IMHO, Verizon probably thinks Ergen wants too much money for his DBS subsidiary. Ergen sees added value to the DBS company in the form of SlingTV and wireless spectrum. Verizon feels they can do it less expensively on their own, otherwise, I do believe Dish would be a Verizon company. The irony, IMHO, is that after Verizon fails miserably at their feeble attempts of video in the new era, they will end up buying a controlling interest in Dish DBS, even at the high price. It's not about the satellites; it is about the superior agreements with content providers Dish has (Dish with greater critical mass has better agreements) and SlingTV and the wireless spectrum the FCC would allow Verizon to keep or trade. It gets Verizon in the game immediately. Content is King, and Verizon aint got it a the right cost nor are they in 13 million homes.