UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): May 11, 2021 (
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Securities registered pursuant to Section 12(b) of the Act:
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Securities registered pursuant to Section 12(b) of the Act: None
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 Other Events
On May 11, 2021, DISH Network Corporation (“DISH Network”) issued a press release announcing that on May 10, 2021 its subsidiary, DISH DBS Corporation (“DISH DBS”), priced $1,500,000,000 aggregate principal amount of its 5.125% Senior Notes due 2029 (the “Notes”). The Notes will mature on June 1, 2029. Interest on the Notes will be paid on June 1 and December 1 of each year, commencing on December 1, 2021. The net proceeds of the offering are intended to be used for general corporate purposes, including refinancing of indebtedness.
DISH DBS placed the Notes in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Certain statements incorporated by reference in this Current Report on Form 8-K may be forward-looking statements, which may involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described. Neither DISH Network nor DISH DBS undertakes any obligation to update forward-looking statements.
See Press Release, dated May 11, 2021, “DISH Network Places Offering of $1,500,000,000 in Senior Notes,” attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit 99.1 Press Release “DISH Network Places Offering of $1,500,000,000 in Senior Notes” dated May 11, 2021 |
| Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
| DISH NETWORK CORPORATION | ||
| DISH DBS CORPORATION | ||
| Date: May 11, 2021 | By: | /s/ Timothy A. Messner |
| Timothy A. Messner | ||
| Executive Vice President and General Counsel | ||
Exhibit 99.1
DISH Network Places Offering of $1,500,000,000 in Senior Notes
ENGLEWOOD, Colo.— May 11, 2021— DISH Network Corporation (“DISH Network”) (NASDAQ: DISH) today announced that on May 10, 2021 its subsidiary, DISH DBS Corporation (“DISH DBS”), priced an offering of $1,500,000,000 aggregate principal amount of its 5.125% Senior Notes due 2029 (the “Notes”). The Notes will be issued at an issue price of 100%. The net proceeds of the offering are intended to be used for general corporate purposes, including refinancing of indebtedness.
The offering is expected to close on May 24, 2021 subject to customary conditions.
The Notes will only be offered and sold to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and in offshore transactions in accordance with Regulation S under the Securities Act. The Notes being offered have not been registered under the Securities Act or the securities laws of any other jurisdiction. The Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes; nor shall there be any sale of these Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this press release are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in DISH Network’s and DISH DBS’ Disclosure Regarding Forward-Looking Statements included in their recent filings with the Securities and Exchange Commission, including their annual reports on Form 10-K and quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date made, and DISH Network and DISH DBS expressly disclaim any obligation to update these forward-looking statements.