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FOR IMMEDIATE RELEASE
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CONTACT: Judianne Atencio
Director of Communications
EchoStar Communications Corp.
303/723-2010
[email protected]
ECHOSTAR COMMUNICATIONS CORPORATION ANNOUNCES $600
MILLION RULE 144A OFFERING
LITTLETON, COLO., TUESDAY, SEPTEMBER 12, 2000- EchoStar Communications
Corporation (NASDAQ:DISH, DISHP) today announced that its wholly-owned
subsidiary EchoStar Broadband Corporation is offering $600 million aggregate
principal amount of Senior Notes due 2007, in accordance with Securities and
Exchange Commission Rule 144A. The net proceeds of the offering are expected to
be used to fund capital expenditures in connection with the construction,
launch, and insurance of additional satellites or for other general corporate
purposes (including potential strategic acquisitions). The notes have not been
registered under the Securities Act of 1933 and may not be offered or sold in
the United States absent registration under such Act or an applicable exemption
from registration requirements.
DISH Network is EchoStar's state-of-the-art direct broadcast satellite system
with the capacity to offer customers 500 channels of digital video and
CD-quality audio programming as well as fully MPEG-2/DVB compliant hardware and
installation. DISH Network, a trademark of EchoStar Communications Corporation,
currently serves over 4.3 million customers nationwide. EchoStar is included in
the Nasdaq-100 Index (NDX) which contains the largest non-financial companies on
the Nasdaq Stock Market. For more information, contact 1-800-333-DISH (3474) or
visit www.dishnetwork.com.
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