UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 17, 2011
ECHOSTAR CORPORATION
(Exact name of registrant as specified in its charter)
NEVADA |
|
001-33807 |
|
26-1232727 |
(State or other jurisdiction of |
|
(Commission File Number) |
|
(IRS Employer |
incorporation) |
|
|
|
Identification No.) |
100 INVERNESS TERRACE E. |
|
|
ENGLEWOOD, COLORADO |
|
80112 |
(Address of principal executive offices) |
|
(Zip Code) |
(303) 706-4000
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On May 18, 2011, EchoStar Corporation (NASDAQ: SATS) announced that its wholly-owned subsidiary, EH Holding Corporation, priced $1.1 billion aggregate principal amount of 8-year, 6½% Senior Secured Notes (the Secured Notes) and $900 million aggregate principal amount of 10-year, 75/8% Senior Notes (the Unsecured Notes and, together with the Secured Notes, the Notes). Interest on the Secured Notes, which will mature on June 15, 2019, will be paid on June 15 and December 15 of each year, commencing on December 15, 2011, and interest on the Unsecured Notes, which will mature on June 15, 2021, will be paid on June 15 and December 15 of each year, commencing on December 15, 2011. The net proceeds of the offering are intended to be used to fund a portion of the purchase price and related fees and expenses for EchoStars previously announced acquisition of Hughes Communications, Inc. (Hughes Communications), and the remainder will be used to fund the repayment or redemption of certain outstanding indebtedness of Hughes Communications and its wholly-owned subsidiary, Hughes Network Systems, LLC. EH Holding Corporation will initially deposit the gross proceeds from the offering of the Notes into escrow upon the closing of the offering.
EH Holding Corporation placed the Notes in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the Securities Act). The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Certain statements incorporated herein by reference may be forward-looking statements, which may involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described. EchoStar Corporation undertakes no obligation to update forward-looking statements.
See Press Release, dated May 18, 2011, EchoStar Places Offering of $2 Billion in Senior Notes attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 99.1 Press Release EchoStar Places Offering of $2 Billion in Senior Notes dated May 18, 2011
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
ECHOSTAR CORPORATION | |
|
| |
Date: May 18, 2011 |
By: |
/s/ R. Stanton Dodge |
|
|
R. Stanton Dodge |
|
|
Executive Vice President, |
|
|
General Counsel and Secretary |
Exhibit 99.1
EchoStar Places Offering of $2 Billion in Senior Notes
ENGLEWOOD, Colo.May 18, 2011EchoStar Corporation (NASDAQ: SATS) today announced that its subsidiary, EH Holding Corporation, has priced an offering of $1.1 billion aggregate principal amount of senior secured notes at an issue price of 100 percent (the Secured Notes) and $900 million aggregate principal amount of senior unsecured notes at an issue price of 100 percent (the Unsecured Notes and, together with the Secured Notes, the Notes). The Secured Notes will be issued as 6½% Senior Secured Notes due 2019, and the Unsecured Notes will be issued as 75/8% Senior Notes due 2021. The net proceeds of the offering are intended to be used to fund a portion of the purchase price and related fees and expenses for EchoStars previously announced acquisition of Hughes Communications, Inc., and the remainder will be used to fund the repayment or redemption of certain outstanding indebtedness of Hughes Communications and its wholly-owned subsidiary, Hughes Network Systems, LLC. EH Holding Corporation will initially deposit the gross proceeds from the offering of the Notes into escrow upon the closing of the offering.
The offering is expected to close on June 1, 2011, subject to customary conditions.
EH Holding Corporation placed the Notes in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the Securities Act). The Notes have not been registered under the Securities Act and 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 securities 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 EchoStar Corporations Disclosure Regarding Forward-Looking Statements included in its recent filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its most recent quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date made, and EchoStar Corporation expressly disclaims any obligation to update these forward-looking statements.