DBS Corp definition
Examples of DBS Corp in a sentence
No director, officer, employee, incorporator or stockholder of the Company DBS Corp or any of their Affiliates, as such, shall have any liability for any obligations of the Company and any of their Affiliates under the Notes or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.
The Notes may have notations, legends or endorsements approved as to form by the Company and required by law, stock exchange rule, agreements to which the Company or DBS Corp, as the case may be, are subject or usage.
The 1997 Notes Offering resulted in net proceeds to DBS Corp of approximately $363 million.
With the exception of certain de minimis domestic and foreign subsidiaries (collectively, the "Non-Guarantors"), the Seven and Ten Year Notes are fully, unconditionally and jointly and severally guaranteed by all subsidiaries of DBS Corp.
Accordingly, in June 1997, EchoStar DBS Corporation ("DBS Corp"), a wholly-owned subsidiary of EchoStar, consummated an offering (the "1997 Notes Offering") of 12 1/2 % Senior Secured Notes due 2002 (the "1997 Notes") resulting in net proceeds to the Company of approximately $362.5 million, including approximately $109.0 million restricted to fund interest payments on the 1997 Notes through January 1, 2000.
The combined assets, stockholders' equity, net loss and operating cash flows of the Non-Guarantors represent less than 1% of the combined and consolidated assets, stockholders' equity, net loss and operating cash flows of DBS Corp, including the non-guarantors during both 1997 and 1998.
Summarized combined and consolidated financial information for DBS Corp and the subsidiary guarantors is as follows (in thousands): -------------------------------------------------------- 1996 1997 1998 -------------------------------------------------------- STATEMENT OF OPERATIONS DATA: Revenue...................................