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EchoStar calls 4 7/8% convertibles
New York, Sept. 19 - EchoStar Communications Corp. said it will redeem all its outstanding 4 7/8% convertible subordinated notes due 2007.
The Littleton, Colo. satellite television company currently has $1 billion of the convertibles outstanding.
EchoStar will pay 102.786% of the principal amount of the convertibles plus accrued interest up to the Oct. 20 redemption date.
The total cost will be $1.028 billion.
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