Dish To Issue $2.5 Billion In Bonds To Fund Proposed Sprint Deal

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

Dish Network is offering $2.5 billion in debt to help finance its proposed $25.5 billion acquisition of Sprint.

The move comes one month after Japanese telecommunications provider Softbank sold $3.3 billion of bonds to help fund its proposed $20.1 billion deal to purchase 70 percent of Sprint, an Overland Park, Kan.-based telecom company.

Dish Network, an Englewood, Colo.-based satellite TV company, may sell bonds today or tomorrow, with proceeds ┬áto be placed into escrow and released to help fund the cash portion of a Sprint acquisition. Dish is working to win over Sprint’s board, which is reportedly concerned about the debt that would be accumulated in an acquisition and skeptical about projected cost savings from the deal.

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