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Satnews Daily
July 21st, 2016

Senior Notes Offering By Hughes

The EchoStar Corporation (NASDAQ: SATS) subsidiary, Hughes Satellite Systems Corporation ("HSSC"), has placed an offering of $750 million aggregate principal amount of 5.250 percent Senior Secured Notes due 2026 at an issue price of 100.0 percent (the "Secured Notes") and $750 million aggregate principal amount of 6.625 percent Senior Notes due 2026 at an issue price of 100.0 percent (the "Unsecured Notes" and, together with the Secured Notes, the "Notes").

The net proceeds of the offering are intended to be used for capital expenditures, working capital and other general corporate purposes. The offering is expected to close on July 27, 2016, subject to customary conditions.

The Notes will only be offered and sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and in offshore transactions in accordance with Regulation S under the Securities Act. The Notes will not be and have not been registered under the Securities Act or the securities laws of any other jurisdiction. The Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.