Got a Spare Billion Laying Around? Contact Dish Net–The Satellite Player Just Filed For a $1 Billion Debt Offering

Aug 12, 2009  •  Post A Comment

On the heels of better than expected sub growth in quarter 2, Dish Network has filed for a one billion dollar debt offering, Multichannel News reports.

The proceeds will be used for general corporate purposes, Multichannel says.

The offer will be a private placement.

While Q2’s sub numbers were good, "revenue for the company was down 0.4% to $2.9 billion and operating income plunged 57% to $262.8 milion in the period," according to Multichannel.

–Chuck Ross

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