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): July 20, 2016
ECHOSTAR CORPORATION
(Exact name of registrant as specified in its charter)
NEVADA |
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001-33807 |
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26-1232727 |
(State or other jurisdiction of |
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(Commission File Number) |
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(IRS Employer |
incorporation) |
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Identification No.) |
100 INVERNESS TERRACE E. |
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ENGLEWOOD, COLORADO |
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80112 |
(Address of principal executive offices) |
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(Zip Code) |
(303) 706-4000
(Registrants telephone number, including area code)
HUGHES SATELLITE SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
COLORADO |
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333-179121 |
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45-0897865 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
100 INVERNESS TERRACE E. |
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80112 |
(Address of principal executive offices) |
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(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 July 20, 2016, EchoStar Corporation (EchoStar) issued a press release announcing that on July 20, 2016, its subsidiary Hughes Satellite Systems Corporation (HSSC), placed an offering of $750 million aggregate principal amount of 5.250% Senior Secured Notes due 2026 at an issue price of 100.0% (the Secured Notes) and $750 million aggregate principal amount of 6.625% Senior Notes due 2026 at an issue price of 100.0% (the Unsecured Notes and, together with the Secured Notes, the Notes). The Notes will mature on August 1, 2026. Interest on the Notes will be paid on February 1 and August 1 of each year, commencing on February 1, 2017. The net proceeds of the offering are intended to be used for capital expenditures, working capital and other general corporate purposes.
HSSC 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 will not be and 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 the registration requirements of the Securities Act.
Certain statements incorporated by reference in this Current Report on Form 8-K 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. Neither EchoStar nor HSSC undertakes any obligation to update forward-looking statements.
A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
Exhibit 99.1 |
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Press release dated July 20, 2016 issued by EchoStar Corporation |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ECHOSTAR CORPORATION | |
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HUGHES SATELLITE SYSTEMS CORPORATION | |
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Date: July 20, 2016 |
By: |
/s/ Dean A. Manson |
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Dean A. Manson |
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Executive Vice President, General Counsel and Secretary |
Exhibit 99.1
Hughes Satellite Systems Corporation Places Offering of $1.5 Billion in Senior Notes
ENGLEWOOD, Colo., July 20, 2016EchoStar Corporation (NASDAQ: SATS) today announced that its subsidiary, Hughes Satellite Systems Corporation (HSSC), placed an offering of $750 million aggregate principal amount of 5.250% Senior Secured Notes due 2026 at an issue price of 100.0% (the Secured Notes) and $750 million aggregate principal amount of 6.625% Senior Notes due 2026 at an issue price of 100.0% (the Unsecured Notes and, together with the Secured Notes, the Notes). The net proceeds of the offering are intended to be used for capital expenditures, working capital and other general corporate purposes.
The offering is expected to close on July 27, 2016, subject to customary conditions.
The Notes will only be offered and sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the Securities Act) and in offshore transactions in accordance with Regulation S under the Securities Act. The Notes will not be and have not been registered under the Securities Act or the securities laws of any other jurisdiction. The Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite and video delivery solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its EchoStar Satellite Services, EchoStar Technologies and Hughes Network Systems business segments.
For more information, visit echostar.com. Follow @EchoStar on Twitter.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. When used in this release, the words believe, anticipate, estimate, expect, intend, project, plans, and similar expressions and the use of future dates are intended to identify forward looking statements. Although management believes that the expectations reflected in these forward looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. These statements are subject to certain risks, uncertainties, and assumptions. See Risk Factors in EchoStars and HSSCs Annual Reports on Form 10-K for the year ended December 31, 2015 and Quarterly Reports on Form 10-Q for the quarterly period ended March 31, 2016 filed with the Securities and Exchange Commission and in the other documents EchoStar and HSSC file with the Securities and Exchange Commission from time to time. The forward-looking statements speak only as of the date made, and EchoStar Corporation and Hughes Satellite Systems Corporation expressly disclaim any obligation to update these forward-looking statements.
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Contacts:
EchoStar Investor Relations
Deepak Dutt
+1 (301) 428-1686
Deepak.Dutt@echostar.com
EchoStar Public Relations
Jessica Olsen
+1 (303) 706-4906
Jessica.Olsen@echostar.com
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