ENGLEWOOD, Colo.--(BUSINESS WIRE)--Jan. 20, 2006--EchoStar
Communications Corporation (NASDAQ:DISH) today announced that its
subsidiary, EchoStar DBS Corporation, has priced an offering of $1.5
billion aggregate principal amount of senior debt securities. The debt
securities will be issued as 7-1/8% Senior Notes due 2016. The proceeds of
the offering will be used to redeem EchoStar DBS Corporation's outstanding
9-1/8% Senior Notes due 2009 as well as for other general corporate
purposes.
The sale of the Notes is expected to close on Feb. 2, 2006, subject to
customary conditions.
EchoStar DBS Corporation placed the Notes in a private transaction
under Rule 144A under the Securities Act. The Notes have not been
registered under the Securities Act of 1933, as amended, or the securities
laws of any other jurisdiction and may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements.
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 its 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
Jason Kiser,
303-723-2210 (Investor Relations)
jason.kiser@echostar.com
or
Marc Lumpkin,
720-514-5351 (Press)
press@echostar.com
SOURCE: EchoStar Communications Corporation