EchoStar Communications calls all $1 billion of 5¾% convertibles

By Laura Lutz

Des Moines, Jan. 16 - EchoStar Communications Corp. plans to redeem all $1 billion outstanding principal amount of its 5¾% convertible subordinated notes due 2008.

The notes will be redeemed on Feb. 15 at a price equal to 101.643% of the principal amount, for a total of $1.016 billion.

Interest on the notes will be paid through the Feb. 15 redemption date.

U.S. Bank NA (800 934-6802) is the trustee for the notes.

Based in Englewood, Calif., EchoStar provides television content through its DISH Network service.

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