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EchoStar to redeem 9 1/8% notes due 2009
By Jennifer Chiou
New York, Jan. 19 - EchoStar Communications Corp. said its subsidiary, EchoStar DBS Corp., will redeem all $442 million of its 9 1/8% senior notes due 2009 on Feb. 17.
The price is 104.563 plus accrued interest through the redemption date.
The company will fund the redemption through a $1 billion offering of debt securities - upsized at pricing to $1.5 billion.
Proceeds from the issue will also go towards general corporate purposes.
The Englewood, Colo., company provides satellite television.
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