EchoStar Communications Corp, Englewood, Colorado-based satellite communications operator, reports that it raised about $335m from a public offering of units, consisting of $624m face value 12.875% senior secured discount notes due 2004 and about 3.7m warrants to buy common shares. Most of the proceeds will be used to finance building, launch and operation of two […]
EchoStar Communications Corp, Englewood, Colorado-based satellite communications operator, reports that it raised about $335m from a public offering of units, consisting of $624m face value 12.875% senior secured discount notes due 2004 and about 3.7m warrants to buy common shares. Most of the proceeds will be used to finance building, launch and operation of two high powered, Martin Marietta Corp Series 7000 satellites designed for EchoStar.
