Dish Network 2008 Annual Report Download - page 111

DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-29
Estimated future amortization of our identifiable intangible assets as of December 31, 2008 is as follows
(in thousands):
For the Years Ending December 31,
2009............................................................ 1,163$
2010............................................................ 1,163
2011............................................................ 1,163
2012............................................................ 1,163
2013............................................................ 483
Thereafter................................................... -
Total .......................................................... 5,135$
9. Long-Term Debt
3% Convertible Subordinated Note due 2010
During the third quarter 2008, we repaid our $500 million 3% Convertible Subordinated Note due in 2010.
5 ¾% Senior Notes due 2008
During the third quarter 2008, we repurchased $28 million of our 5 ¾% Senior Notes due 2008 in open
market transactions. During October 2008, the remaining balance of $972 million was redeemed.
6 3/8% Senior Notes due 2011
The 6 3/8% Senior Notes mature October 1, 2011. Interest accrues at an annual rate of 6 3/8% and is payable
semi-annually in cash, in arrears on April 1 and October 1 of each year.
The 6 3/8% Senior Notes are redeemable, in whole or in part, at any time at a redemption price equal to 100%
of their principal amount plus a “make-whole” premium, as defined in the related indenture, together with
accrued and unpaid interest.
The 6 3/8% Senior Notes are:
x general unsecured senior obligations of DDBS;
x ranked equally in right of payment with all of DDBS’ and the guarantors’ existing and future
unsecured senior debt; and
x ranked effectively junior to our and the guarantors’ current and future secured senior
indebtedness up to the value of the collateral securing such indebtedness.
The indenture related to the 6 3/8% Senior Notes contains restrictive covenants that, among other things,
impose limitations on the ability of DDBS and its restricted subsidiaries to:
x incur additional indebtedness or enter into sale and leaseback transactions;
x pay dividends or make distribution on DDBS’ capital stock or repurchase DDBS’ capital stock;
x make certain investments;
x create liens;
x enter into transactions with affiliates;
x merge or consolidate with another company; and
x transfer and sell assets.
In the event of a change of control, as defined in the related indenture, we would be required to make an
offer to repurchase all or any part of a holder’s 6 3/8% Senior Notes at a purchase price equal to 101% of
the aggregate principal amount thereof, together with accrued and unpaid interest thereon, to the date of
repurchase.