DISH pays $1 billion maturity, keeps eye on leverage, free cash flow

By Devika Patel

Knoxville, Tenn., May 8 – DISH Network Corp. repaid $1 billion of debt last quarter and is prioritizing free cash flow generation and leverage reduction.

“Consistent with our general intent to pay down debt, last month we paid a $1 billion maturity with cash on hand,” senior vice president and chief financial officer Steven E. Swain said on the company’s first quarter ended March 31 earnings conference call on Tuesday.

“Although we do not provide targets, we continue to focus on free cash flow and leverage,” he said.

Free cash flow was $387 million in the first quarter, down $152 million year over year.

DISH is an Englewood, Colo.-based satellite TV provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.