EchoStar Selling Debt

The company will raise $1 billion to retire some senior notes.
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EchoStar (DISH) - Get Report said its EchoStar DBS unit is offering $1 billion in debt in a refinancing transaction.

The Englewood, Colo., satellite TV company said it made the placement in accordance with

Securities and Exchange Commission

Rule 144A. The proceeds of the offering are intended to be used to redeem EchoStar DBS's outstanding 9 1/8% senior notes due 2009, as well as for general corporate purposes.