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Wireless

Dish prices USD 2 bln convertible debt issue for 5G deployments

Friday 18 December 2020 | 09:49 CET | News
Dish Network has priced its offering of USD 2 billion worth of 0 percent convertible notes due 2025, and granted a greenshoe of up to USD 300 million more. All of the notes will mature on 15 December 2025, they will not bear regular interest and not accrete. They will be convertible under certain circumstances at an initial conversion rate of 24.4123 shares of Dish Class A Common Stock per USD 1,000 worth of notes, or about USD 40.96 per share. Dish noted the price represents a premium of about 30 percent from the the last reported sale price of Dish shares, at USD 31.51 per share on 16

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Categories: Mobile & Wireless
Companies: Dish Network
Countries: United States
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