DISH Network to invest in spectrum

DISH Network announced that it plans to issue and sell, subject to market and other conditions, $1 billion aggregate principal amount of convertible notes. The net proceeds of the placement are intended to be used for strategic transactions, which may include wireless and spectrum-related strategic transactions, and for other general corporate purposes.

The notes will be unsecured obligations of DISH Network. Upon any conversion, DISH Network will settle its conversion obligation in cash, shares of its Class A Common Stock, or a combination of cash and shares of its Class A Common Stock, at its election.

The interest rate, the initial conversion rate, and other terms and conditions of the notes will be determined by negotiations between DISH Network and the purchasers of the notes.