EchoStar Places $1 Billion In Senior Notes

SPACEMART

Englewood CO (SPX) Sep 22, 2004
EchoStar Communications Tuesday announced that its subsidiary, EchoStar DBS Corporation, has priced $1 billion aggregate principal amount of 10-year, 6 5/8 percent senior debt securities.

Interest on the notes, which will mature October 1, 2014, will be paid April 1 and October 1 each year, commencing April 1, 2005. The proceeds of the offering are intended to be used to redeem EchoStar DBS Corporation's 10 3/8 percent Senior Notes due 2007, previously called for redemption effective Oct. 1, 2004.

The sale of the Notes is expected to close on Oct. 1, 2004, subject to customary conditions.

EchoStar DBS Corporation placed the Notes in a private transaction under Rule 144A under the Securities Act.

The Notes have not been registered under the Securities Act of 1933, as amended, 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.

SPACEMART

MeterSmart Launches Remote Meter Reading Via Satellite

Dallas TX (SPX) Sep 21, 2004
MeterSmart Monday announced what may be the utility industry's most innovative meter data collection service. The new MeterSmart offering allows utilities to collect accurate meter data across the globe, including rural and remote areas, via a deployed constellation of more than 25 orbiting satellites.

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