Dish Network 2011 Annual Report Download - page 128
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DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-34
The 6 3/4% 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 3/4% Senior Notes contains restrictive covenants that, among other things, impose
limitations on the ability of DDBS and its restricted subsidiaries to:
x incur additional debt;
x pay dividends or make distributions on DDBS’ capital stock or repurchase DDBS’ 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 indenture, we would be required to make an offer to
repurchase all or any part of a holder’s 6 3/4% 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.
Interest on Long-Term Debt
Annual
Semi-Annual Debt Service
Payment Dates Requirements
(In thousands)
7% Senior Notes due 2013......................... April 1 and October 1 35,000$
6 5/8% Senior Notes due 2014................... April 1 and October 1 66,250$
7 3/4% Senior Notes due 2015................... May 31 and November 30 58,125$
7 1/8% Senior Notes due 2016................... February 1 and August 1 106,875$
7 7/8% Senior Notes due 2019................... March 1 and September 1 110,250$
6 3/4% Senior Notes due 2021................... June 1 and December 1 135,000$
Our ability to meet our debt service requirements will depend on, among other factors, the successful execution of our
business strategy, which is subject to uncertainties and contingencies beyond our control.