DISH to price $2 billion five-year secured notes on Friday; early talk mid to high 11% area

By Abigail W. Adams

Portland, Me., Nov. 2 – DISH Network Corp. plans to price $2 billion of five-year non-call two-year senior secured notes (Ba3/B+) on Friday with initial guidance for a 2 point OID and a yield in the mid to high 11% area, according to a market source.

Deutsche Bank Securities Inc. is lead left bookrunner for the Rule 144A and Regulation S offering.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Guggenheim Securities are also bookrunners.

Proceeds will be used for general corporate purposes, including the buildout of wireless infrastructure.

DISH is an Englewood, Colo.-based satellite broadcasting company.

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