DISH Network Corporation on Monday announced that its DISH DBS Corporation subsidiary plans to offer, subject to market and other conditions, approximately $1.25 billion aggregate principal amount of its senior notes.
The net proceeds of the offering are intended to be used for general corporate purposes, including refinancing of indebtedness.
The notes will only be offered and sold to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended, and in offshore transactions in accordance with Regulation S under the Securities Act.
The offering is more good news for a company with its stock price at its highest levels since January 2018. Ahead of the Opening Bell on the Nasdaq GlobalSelect market, DISH was trading at $46.60, up 7 cents in pre-market trading on Monday.