Dish To Raise $2.5B As It Awaits Answer On Sprint Tie-Up

Law360, New York (May 14, 2013, 3:04 PM EDT) -- A Dish Network Corp. unit is planning to offer $2.5 billion in notes to help fund part of its proposed $25.5 billion acquisition of Sprint Nextel Corp., the satellite television provider said Tuesday

Dish DBS Corp. intends to sell senior notes worth about $2.5 billion, the proceeds of which would be held in escrow and eventually released to Dish to finance a portion of the company's proposed Sprint transaction, Dish said in a statement.

The announcement comes as a five-member special committee formed by Sprint in...
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