EchoStar junk bond sale set

Sale will fund launch, operation of satellites

HOLLYWOOD — Satcaster EchoStar Communications said Tuesday that it plans to sell $600 million in high-yield, or “junk,” bonds to fund the launch and operation of satellites as well as unspecified possible business acquisitions.

The Littleton, Colo.-based company, which operates the Dish Network satellite TV service, will privately sell senior notes due 2007 through its EchoStar Broadband unit. Donaldson, Lufkin & Jenrette will manage the bond sale.

Ratings on current EchoStar senior debt include a B2 from Moody’s Investors Service and B from Standard & Poor’s.

EchoStar stock closed up 31¢ at $44.94 Tuesday.

More Biz

  • SAG-AFTRA Hit With Class Action Suit

    SAG-AFTRA Hit With Class Action Suit Over Streaming Music Service Fees

    HOLLYWOOD — Satcaster EchoStar Communications said Tuesday that it plans to sell $600 million in high-yield, or “junk,” bonds to fund the launch and operation of satellites as well as unspecified possible business acquisitions. The Littleton, Colo.-based company, which operates the Dish Network satellite TV service, will privately sell senior notes due 2007 through its […]

  • Quavo, Gucci Mane Share Songwriter Honors

    Quavo, Gucci Mane Share Honors, Warner/Chappell Named Top Publisher at ASCAP Rhythm & Soul Awards

    HOLLYWOOD — Satcaster EchoStar Communications said Tuesday that it plans to sell $600 million in high-yield, or “junk,” bonds to fund the launch and operation of satellites as well as unspecified possible business acquisitions. The Littleton, Colo.-based company, which operates the Dish Network satellite TV service, will privately sell senior notes due 2007 through its […]

  • Harvey Weinstein arrives to court in

    Weinstein Co. Sale Price Cut From $310 Million to $287 Million

    HOLLYWOOD — Satcaster EchoStar Communications said Tuesday that it plans to sell $600 million in high-yield, or “junk,” bonds to fund the launch and operation of satellites as well as unspecified possible business acquisitions. The Littleton, Colo.-based company, which operates the Dish Network satellite TV service, will privately sell senior notes due 2007 through its […]

  • Ryan Kavanaugh

    Relativity Media Investor Claims $12.5 Million Fraud

    HOLLYWOOD — Satcaster EchoStar Communications said Tuesday that it plans to sell $600 million in high-yield, or “junk,” bonds to fund the launch and operation of satellites as well as unspecified possible business acquisitions. The Littleton, Colo.-based company, which operates the Dish Network satellite TV service, will privately sell senior notes due 2007 through its […]

  • Paul Simon

    Paul Simon's 'What Not to Bring' List for Farewell Concert Is Astonishingly Thorough

    HOLLYWOOD — Satcaster EchoStar Communications said Tuesday that it plans to sell $600 million in high-yield, or “junk,” bonds to fund the launch and operation of satellites as well as unspecified possible business acquisitions. The Littleton, Colo.-based company, which operates the Dish Network satellite TV service, will privately sell senior notes due 2007 through its […]

  • Eric Heisserer

    Patric Verrone, Eric Heisserer Seeking Writers Guild of America West Board Seats

    HOLLYWOOD — Satcaster EchoStar Communications said Tuesday that it plans to sell $600 million in high-yield, or “junk,” bonds to fund the launch and operation of satellites as well as unspecified possible business acquisitions. The Littleton, Colo.-based company, which operates the Dish Network satellite TV service, will privately sell senior notes due 2007 through its […]

  • Ari Emanuel and Ray Waddell

    Endeavor's Ari Emanuel Credits His 'F---ed Up Mind' for Success Beyond the Agency Business

    HOLLYWOOD — Satcaster EchoStar Communications said Tuesday that it plans to sell $600 million in high-yield, or “junk,” bonds to fund the launch and operation of satellites as well as unspecified possible business acquisitions. The Littleton, Colo.-based company, which operates the Dish Network satellite TV service, will privately sell senior notes due 2007 through its […]

More From Our Brands

Access exclusive content