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Technology Stocks : Echostar Comm.

SATS 82.11

+10.2%

Dec 5 3:59 PM EST

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To: Frank Byers who wrote (318)	6/18/1997 5:18:00 PM
From: Mike A	of 1394

EchoStar offering price talk 12.25%-12.50% NEW YORK, June 18 (Reuter) - EchoStar DBS Corp's upcoming $325 million offering of five-year senior secured notes is expected to yield between 12.25 percent and 12.50 percent, according to a buyside source on Wednesday. The 144A deal, managed via lead manager Donaldson, Lufkin & Jenrette Securities Corp, is slated for formal pricing on Friday, market sources said. EchoStar DBS Corp is a holding company formed by EchoStar Communications Corp (DISH). The deal will be structured with a two-and-a-half year interest reserve. Sources said EchoStar is seeking financing for additional satellites following the derailed $1.0 billion investment from News Corp (NCP.AX). Under the terms of the initial plan, News Corp would have provided a $200 million loan for capital buildout. The two companies are tangled in litigation. EchoStar DBS Corp is a holding company formed by EchoStar Communications Corp (DISH). EchoStar would not comment on the deal.

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