Dish Network Announces Convertible Notes Offering

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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.


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