New Issue: EchoStar $700 million seven-year notes yield 9 1/8%

By Paul A. Harris

St. Louis, Mo., Dec. 20 - EchoStar DBS Corp. priced $700 million of seven-year senior notes (B1/B+) Thursday at par to yield 9 1/8%.

Price talk on the Rule 144A offering was 9%-9¼%.

Deutsche Banc Alex. Brown and Credit Suisse First Boston were joint bookrunners. Lehman Brothers and UBS Warburg were joint lead managers.

Issuer:	EchoStar DBS Corp.
Amount:	$700 million
Maturity:	Jan. 15, 2009
Type:	Senior notes
Bookrunners:	Deutsche Banc Alex Brown, Credit Suisse First Boston
Coupon:	9 1/8%
Price:	Par
Yield:	9 1/8%
Spread:	435 basis points over Treasuries
Call features:	Callable on Jan. 15, 2006 at 104.563, then at 102.281, declining to par on Jan. 15, 2008 and thereafter
Equity claw:	Until Jan. 15, 2005 for 35% at 109.125
Settlement date:	Dec. 28 (T+5) flat
Ratings:	Moody's: B1
	Standard & Poor's: B+
Cusip:	27876GAH1
End

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