Satellite : Dish Network Seeking $300 Million in Debt Financing

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Dish Network Seeking $300 Million in Debt Financing

September 25, 2009

Dish Network is attempting to raise about $300 million in financing through a debt securities offer, the company announced Sept. 24.
The U.S. satellite pay-TV broadcaster said the net proceeds of the offering will be used for general corporate purposes.
In August, Dish Network subsidiary, Dish DBS Corp. offered $1 billion in debt in its efforts to raise capital after announcing its second-quarter earnings dropped 81 percent, with net income falling from $336 million in 2008 to $63 million and revenues dipping 0.4 percent to remain near the $2.9 billion mark.