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Hughes offers to exchange senior notes

Hughes Satellite Systems Corp. is offering to exchange up to $750 million of new 5.250% senior secured notes due 2026 and up to $750 million of new 6.625% senior notes due 2026 for nearly identical outstanding notes.

The expiration date for the exchange offer remains undisclosed, according to a registration statement filed April 6. The company is offering to exchange $1,000 principal amount of registered secured notes for each $1,000 principal amount of outstanding old secured notes, and $1,000 principal amount of registered unsecured notes for each $1,000 principal amount of outstanding old unsecured notes.

Old notes tendered in the exchange offer must be in minimum denominations of $2,000 principal amount and any integral multiples of $1,000 in excess thereof. The company will not receive any cash proceeds from the issuance of the notes in the exchange offer.

U.S. Bank NA is the exchange agent for the offer.