Dish Completes $2B Notes Sale to Morgan Stanley in ‘Private’ Offering
Dish Network completed the sale to Morgan Stanley of $2 billion in 0% convertible notes due 2025 through a “private unregistered offering” Monday, said an 8-K Tuesday at the SEC. The agreement grants Morgan Stanley a 30-day option to buy…
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$300 million more, it said. The filing didn’t say how Dish plans to use the proceeds, and the company didn’t comment. Chairman Charlie Ergen faced repeated questioning on recent earnings calls from analysts skeptical about the company’s ability to raise the $10 billion it says it needs to fund its open radio access network 5G buildout (see 2011060043).