ENGLEWOOD, Colo., Jan. 17,
2023 /PRNewswire/ -- DISH Network Corporation
("DISH Network") (NASDAQ: DISH) today announced that it plans to
offer, subject to market and other conditions, approximately
$500 million aggregate principal
amount of its senior secured notes. The net proceeds of the
offering are intended to be used for general corporate purposes,
including the buildout of wireless infrastructure. The notes will
be secured by certain assets of certain DISH Network
subsidiaries.
The notes will only be offered and sold to persons reasonably
believed to be 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 notes being offered have
not been registered under the Securities Act or the securities laws
of any other jurisdiction. The notes 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 notes; nor
shall there be any sale of these notes in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful.
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 DISH Network's
Disclosure Regarding Forward-Looking Statements included in their
recent filings with the Securities and Exchange Commission,
including its annual reports on Form 10-K and quarterly reports on
Form 10-Q. The forward-looking statements speak only as of the date
made, and DISH Network expressly disclaims any obligation to update
these forward-looking statements.
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SOURCE DISH Network Corporation