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Echostar Raises $1.5 Billion In Private Placement

By Staff Writer | January 23, 2006

Echostar Communications Corp., raised $1.5 billion through a private debt placement, the company announced Jan. 20. Proceeds of the offering by the Echostar DBS Corp. subsidiary will be used to redeem outstanding notes due in 2009 and for other general corporate purposes, the company said.

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