Hughes Satellite offers USD1bn in debt offerings

EchoStar Corporation (NASDAQ: SATS) subsidiary Hughes Satellite Systems Corporation has offered up to USD1.0 billion in aggregate principal amount of senior secured and unsecured debt securities, the company said.

The company said the the net proceeds of the offering are intended to be used for capital expenditures, working capital and other general corporate purposes.

EchoStar Corporation is a global provider of satellite and video delivery solutions, offering communications technologies through its EchoStar Satellite Services, EchoStar Technologies and Hughes Network Systems business segments.