ENGLEWOOD, Colo.--(BUSINESS
WIRE)--Feb. 16, 2007--EchoStar Communications Corporation (Nasdaq: DISH)
today announced the results of its previously announced redemption of
all of its 5 3/4% Convertible Subordinated Notes due 2008 (the "Notes").
EchoStar has been advised by US Bank, as paying agent, that Notes in the
aggregate principal amount of $15,000 were converted prior to the
expiration of the conversion period at 5 PM ET on Feb. 14, 2007.
Accordingly, effective Feb. 15, 2007, the outstanding principal amount
of $999,985,000 was repurchased at 101.643 percent, for a total of
approximately $1.016 billion, plus accrued and unpaid interest through
the redemption date.
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
13 million satellite TV customers through its DISH Network(TM), the
fastest-growing pay-TV provider in the country since 2000. DISH
Network's services include hundreds of video and audio channels,
Interactive TV, HDTV, sports and international programming, together
with professional installation and 24-hour customer service. EchoStar
has been a leader for more than 25 years in satellite TV equipment sales
and support worldwide. EchoStar is included in the Nasdaq-100 Index (NDX)
and is a Fortune 300 company. Visit EchoStar's Web site at
www.echostar.com or call 1-800-333-DISH (3474).
CONTACT: EchoStar Communications Corporation
Press: Kathie Gonzalez, 720-514-5351
press@echostar.com
or
Investor Relations:
Jason Kiser, 303-723-2210
Jason.kiser@echostar.com
SOURCE: EchoStar Communications Corporation
