Dish Launches $1.25 Billion Debt Offering

By Mike Farrell
published

Senior notes will help refinance some debt

A Dish technician standing outside a company van.
(Image credit: Dish)

 

Dish Network, almost six months after raising about $2 billion in a convertible note offering to help fund its wireless ambitions, said Monday that it would raise another $1.25 billion by issuing senior notes, in part to refinance some of its debt.

Dish raised about $2 billion in the December convertible note offering, a move some critics said was a sign that it couldn’t find a partner to help fund building out its wireless network. Since then Dish said it had signed up Amazon Web Services  (AWS) as the cloud services vendor for its 5G wireless offering. 

The latest offering will be made through Dish subsidiary Dish DBS Corp., and will be sold to institutional investors. In a press release, Dish said the proceeds of the offering will be used for general corporate purposes, including "refinancing of indebtedness." 

Mike Farrell
Mike Farrell

Mike Farrell is senior content producer, finance for Multichannel News/B+C, covering finance, operations and M&A at cable operators and networks across the industry. He joined Multichannel News in September 1998 and has written about major deals and top players in the business ever since. He also writes the On The Money blog, offering deeper dives into a wide variety of topics including, retransmission consent, regional sports networks,and streaming video. In 2015 he won the Jesse H. Neal Award for Best Profile, an in-depth look at the Syfy Network’s Sharknado franchise and its impact on the industry.