Dish Network 2015 Annual Report Download - page 139

DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-35
The indentures related to our Senior Notes contain restrictive covenants that, among other things, impose limitations
on the ability of DISH DBS and its restricted subsidiaries to:
x incur additional debt;
x pay dividends or make distributions on DISH DBS’ capital stock or repurchase DISH DBS’ capital stock;
x make certain investments;
x create liens or enter into sale and leaseback transactions;
x enter into transactions with affiliates;
x merge or consolidate with another company; and
x transfer or sell assets.
In the event of a change of control, as defined in the related indentures, we would be required to make an offer to
repurchase all or any part of a holder’s 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.
7 1/8% Senior Notes due 2016
On February 1, 2016, we redeemed the principal balance of our 7 1/8% Senior Notes due 2016, using a substantial
portion of our available cash and investment securities on hand.
4 5/8% Senior Notes due 2017
On May 16, 2012, we issued $900 million aggregate principal amount of our five-year 4 5/8% Senior Notes due July
15, 2017. Interest accrues at an annual rate of 4 5/8% and is payable semi-annually in cash, in arrears on January 15
and July 15 of each year.
The 4 5/8% Senior Notes are redeemable, in whole or in part, at any time at a redemption price equal to 100.0% of
the principal amount plus a “make-whole” premium, as defined in the related indenture, together with accrued and
unpaid interest.
4 1/4% Senior Notes due 2018
On April 5, 2013, we issued $1.2 billion aggregate principal amount of our five-year 4 1/4% Senior Notes due April
1, 2018. Interest accrues at an annual rate of 4 1/4% and is payable semi-annually in cash in arrears on April 1 and
October 1 of each year.
The 4 1/4% Senior Notes are redeemable, in whole or in part, at any time at a redemption price equal to 100% of the
principal amount plus a “make-whole” premium, as defined in the related indenture, together with accrued and
unpaid interest. Prior to April 1, 2016, we may also redeem up to 35.0% of the 4 1/4% Senior Notes at a specified
premium with the net cash proceeds from certain equity offerings or capital contributions.
7 7/8% Senior Notes due 2019
On August 17, 2009 and October 5, 2009, we issued $1.0 billion and $400 million, respectively, aggregate principal
amount of our ten-year 7 7/8% Senior Notes due September 1, 2019. Interest accrues at an annual rate of 7 7/8%
and is payable semi-annually in cash, in arrears on March 1 and September 1 of each year.
The 7 7/8% Senior Notes are redeemable, in whole or in part, at any time at a redemption price equal to 100% of the
principal amount plus a “make-whole” premium, as defined in the related indenture, together with accrued and
unpaid interest.