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EchoStar calls 9 3/8% notes
New York, Dec. 22 - EchoStar Communications Corp. said its EchoStar DBS Corp. subsidiary will redeem its 9 3/8% senior notes due 2009 on Feb. 1.
The company will pay 104.688% of par for the notes plus accrued interest through the redemption date.
EchoStar, an Englewood, Colo., satellite television company, said it and its affiliates may repurchase their securities including the 9 3/8% notes at any time before the redemption date.
On Sept. 18, EchoStar said its EchoStar DBS subsidiary would use proceeds from an offering of $1.5 billion principal amount of senior debt securities - subsequently upsized to $2.5 billion - to repurchase or redeem its 9 3/8% senior notes due 2009 and other outstanding debt securities.
EchoStar DBS issued $1.625 billion of the 9 3/8% notes in February 1999. They become callable in 2004.
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