Hughes Communications Inc. raised $450 million through an offering of notes by its wholly owned subsidiaries, Hughes Network Systems LLC (HNS) and HNS Finance Corp., Hughes announced April 13.

The net proceeds of the offering were used to repay term loan borrowings under HNS’ credit facilities and for general corporate purposes. In connection with the offering, Hughes amended its $50 million revolving credit facility pursuant to an amendment and restatement of the credit agreement governing this credit facility.

“With this financing, we will have the resources and flexibility needed to capitalize on our position as a market leader and become even more competitive as we look forward to launching our Spaceway satellite service in 2007,” Pradman Kaul, chairman and CEO of Hughes, said in a statement.