DISH Network Announces Secured Debt Offer



ENGLEWOOD, Col., November 8, 2021 / PRNewswire / – DISH Network Corporation (“DISH Network”) (NASDAQ: DISH) today announced that its subsidiary, DISH DBS Corporation (“DISH DBS”), plans to offer, subject to market conditions and others, approximately $ 4 billion aggregate principal amount of its Senior Secured Notes. The net proceeds of the offering are intended to be used to make an intercompany loan to DISH Network to fund the potential purchase of wireless spectrum licenses and for general corporate purposes, including the construction of a wireless infrastructure. The intercompany loan will be secured by (i) the cash proceeds of the loan and (ii) an interest in any wireless spectrum licenses acquired using such product. In some cases, DISH Network wireless spectrum licenses (evaluated on the basis of a third party evaluation) may replace the warranty. The Intercompany Loan will not be included as collateral for the Notes, and the Notes will be subordinated to existing and future unsecured notes of DISH DBS with respect to certain accomplishments under the Intercorporate Loan and any collateral pledged as security for the Company. intercompany loan.

The Notes will only be offered and sold to persons reasonably suspected of being Qualified Institutional Purchasers in accordance with Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and in connection with offshore transactions. in accordance with Regulation S under the Securities Act. The Notes offered have not been registered under the Securities Act or the securities laws of any other jurisdiction. Tickets may not be offered or sold in United States lack of 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 the Notes; nor will there be any sale of such tickets in any state or jurisdiction in which such offering, solicitation or sale would be illegal.

Safe Harbor Declaration under the Private Securities Litigation Reform Act 1995

Except for historical information contained in this document, 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 such statements, including the risks and uncertainties discussed in the DISH Network and DISH DBS disclosure. regarding forward-looking statements included in their recent filings with the Securities and Exchange Commission, including their annual reports on Form 10-K and quarterly reports on Form 10-Q. Forward-looking statements speak only as of the date they are made, and DISH Network and DISH DBS expressly disclaim any obligation to update such forward-looking statements.

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SOURCE DISH Network Corporation


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