ENGLEWOOD, Colo.--(BUSINESS WIRE)--Jan. 19, 2006--EchoStar
Communications Corporation (Nasdaq: DISH) announced today that its
subsidiary, EchoStar DBS Corporation, has elected to redeem all of its
outstanding 9 1/8% Senior Notes due 2009. In accordance with the terms of
the indenture governing the notes, the remaining principal amount of the
notes of approximately $442 million will be redeemed effective Feb. 17,
2006, at a redemption price of 104.563% of the principal amount, for a
total of approximately $462 million. Interest on the notes will be paid
through the Feb. 17, 2006, redemption date. The trustee for the notes is
the U.S. Bank National Association, telephone 1-800-934-6802. This
announcement is neither a request nor an offer for tender of securities of
EchoStar Communications Corporation or EchoStar DBS Corporation.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
Except for historical information contained herein, the matters set
forth in this press release are forward-looking statements. The
forward-looking statements set forth above involve a number of risks and
uncertainties that could cause actual results to differ materially from
any such statement, including the risks and uncertainties discussed in
EchoStar Communication Corporation's Disclosure Regarding Forward-Looking
Statements included in its recent filings with the Securities and Exchange
Commission, including its annual report on Form 10-K and its most recent
quarterly report on Form 10-Q. The forward-looking statements speak only
as of the date made, and EchoStar Communications Corporation expressly
disclaims any obligation to update these forward-looking statements.
About EchoStar
EchoStar Communications Corporation (NASDAQ: DISH) serves more than 12
million satellite TV customers through it s DISH Network, the fastest
growing U.S. provider of advanced digital television services in the last
six years. DISH Network offers hundreds of video and audio channels,
Interactive TV, HDTV, sports and international programming, together with
professional installation and 24-hour customer service. Visit EchoStar's
DISH Network at www.dishnetwork.com or call 1-800-333-DISH (3474).
CONTACT: EchoStar Communications Corporation
Press:
Marc Lumpkin,
303-723-2010
marc.lumpkin@echostar.com
or
Investor Relations:
Jason Kiser,
303-723-2210
Jason.kiser@echostar.com
SOURCE: EchoStar Communications Corporation