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DISH Network Corporation announced on June 24, 2020, that its subsidiary DISH DBS Corporation has priced an offering of $1,000,000,000 in 7.375% Senior Notes due 2028. The notes are set to be issued at an issue price of 100% and are intended for general corporate purposes. The offering is expected to close on July 1, 2020, subject to customary conditions. These notes will only be sold to qualified institutional buyers under Rule 144A and Regulation S of the Securities Act. The notes have not been registered under the Securities Act.
DISH Network Corporation announced plans for a debt offering of approximately $1,000,000,000 in senior notes through its subsidiary, DISH DBS Corporation. The offering is subject to market conditions and is intended for general corporate purposes. The notes will be sold to qualified institutional buyers under Rule 144A and Regulation S of the Securities Act. Importantly, these notes are not registered and cannot be sold in the U.S. without appropriate exemptions. Forward-looking statements included in the release discuss inherent risks and uncertainties.
DISH has launched a promotional offer for commercial businesses, providing two months of free bulk television service to new customers, including hotels and hospitals. This initiative aims to assist businesses during the economic recovery from COVID-19, valid until December 31, 2020. The offer includes access to America's Top 120 package and DISH's SMARTBOX video distribution platform. This move follows earlier efforts to support existing customers through reduced rates and programming pauses.