Hughes Network starts roadshow for $325 million eight-year notes

By Paul A. Harris

St. Louis, April 5 - Hughes Network Systems LLC began a roadshow Tuesday for its $325 million offering of eight-year senior notes (B1), which are non-callable for four years, according to market sources.

Pricing is expected to take place late in the April 11 week.

JP Morgan and Bear Stearns & Co. are joint bookrunners for the Rule 144A offering, which has registration rights.

The company will also obtain a $50 million credit facility.

Proceeds will be used to help fund the buyout of SkyTerra Communications Inc.

Hughes Network Systems is a Germantown, Md.-based provider of broadband satellite networks and services.

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