DISH to price $1.25 billion eight-year bullet notes on Monday; initial guidance in 5½% area

By Paul A. Harris

Portland, Ore., May 10 – DISH DBS Corp. plans to price a $1.25 billion offering of eight-senior senior bullet notes (expected ratings B2/B) in a Monday drive-by following a conference call with investors, according to market sources.

Initial guidance has the Rule 144A and Regulation S with registration rights deal coming to yield in the 5½% area.

Joint physical bookrunner Morgan Stanley & Co. LLC will bill and deliver. Deutsche Bank Securities Inc. is also a joint physical bookrunner.

The Englewood, Colo.-based satellite and subscription and pay-per-view television provider plans to use the proceeds for general corporate purposes, including debt refinancing.

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