ENGLEWOOD, Colo., July 19, 2016 /PRNewswire/ -- EchoStar
Corporation (NASDAQ: SATS) today announced that its subsidiary,
Hughes Satellite Systems Corporation ("HSSC"), plans to offer,
subject to market and other conditions, up to $1 billion in aggregate principal amount of
senior secured and unsecured debt securities (together, the "Notes
Offering"). The net proceeds of the offering are intended to be
used for capital expenditures, working capital and other
general corporate purposes.
The securities offered in the Notes Offering will only be
offered and sold to qualified institutional buyers in accordance
with Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act") and in offshore transactions in accordance with
Regulation S under the Securities Act. The securities offered in
the Notes Offering will not be and have not been registered under
the Securities Act or the securities laws of any other
jurisdiction. The securities offered in the Notes Offering may not
be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities offered in
the Notes Offering; nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer solicitation or
sale would be unlawful.
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of
satellite and video delivery solutions. Headquartered in
Englewood, Colo., and conducting
business around the globe, EchoStar is a pioneer in secure
communications technologies through its EchoStar Satellite
Services, EchoStar Technologies and Hughes Network Systems business
segments.
For more information, visit echostar.com. Follow @EchoStar on
Twitter.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This press release may contain statements that are forward looking,
as that term is defined by the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are based on
management's beliefs, as well as assumptions made by, and
information currently available to, management. When used in this
release, the words "believe," "anticipate," "estimate," "expect,"
"intend," "project," "plans," and similar expressions and the use
of future dates are intended to identify forward looking
statements. Although management believes that the expectations
reflected in these forward looking statements are reasonable, it
can give no assurance that these expectations will prove to have
been correct. You are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date made.
These statements are subject to certain risks, uncertainties, and
assumptions. See "Risk Factors" in EchoStar's and HSSC's Annual
Reports on Form 10-K for the year ended December 31, 2015 and Quarterly Reports on Form
10-Q for the quarterly period ended March
31, 2016 filed with the Securities and Exchange Commission
and in the other documents EchoStar and HSSC file with the
Securities and Exchange Commission from time to time. The
forward-looking statements speak only as of the date made, and
EchoStar Corporation and Hughes Satellite Systems Corporation
expressly disclaim any obligation to update these forward-looking
statements.
Logo - http://photos.prnewswire.com/prnh/20140728/130640
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/hughes-satellite-systems-corporation-announces-debt-offerings-300300940.html
SOURCE EchoStar Corporation