Exhibit 99.1
ECHOSTAR ANNOUNCES EARLY REDEMPTION OF
9 3/8 % SENIOR NOTES
ENGLEWOOD, Colo., Dec. 22, 2003 — EchoStar Communications Corporation (Nasdaq: DISH) announced today that its subsidiary, EchoStar DBS Corporation, has elected to retire all of its outstanding 9 3/8 percent Senior Notes due 2009, five years early pursuant to its optional early redemption right. In accordance with the terms of the indenture governing the notes, the outstanding principal amount of the notes will be redeemed effective Feb. 1, 2004, at a redemption price of 104.688 percent of the outstanding principal amount. Interest on the notes will be paid through the Feb. 1, 2004, redemption date. The trustee for the notes is the U.S. Bank Trust National Association. EchoStar Communications Corporation and its affiliates may also from time to time repurchase their securities, including the 9 3/8 percent Senior Notes, prior to the redemption date. Any such repurchases will be subject to market conditions and other factors. This announcement is neither a request nor an offer for tender of securities of EchoStar Communications Corporation or EchoStar DBS Corporation.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
Except for historical information contained herein, the matters set forth in this press release are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in EchoStar Communication Corporation’s Disclosure Regarding Forward-Looking Statements included in its recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and EchoStar Communications Corporation undertakes no obligation to update these forward-looking statements.
About EchoStar Communications
EchoStar Communications Corporation (NASDAQ: DISH) serves over 9 million satellite TV customers through its DISH Network™, and is a leading U.S. provider of advanced digital television services. DISH Network’s services include hundreds of video and audio channels, Interactive TV, HDTV, sports and international programming, together with professional installation and 24-hour customer service. DISH Network is the leader in the sale of digital video recorders (DVRs). EchoStar has been a leader for 23 years in digital satellite TV equipment sales and support worldwide. EchoStar is included in the Nasdaq-100 Index (NDX) and is a Fortune 500 company. Visit EchoStar’s Web site at <www.echostar.com> or call 1-800-333-DISH (3474).
Investor Relations Contact: Jason Kiser, 303-723-2210, jason.kiser@echostar.com
Press Contact: Steve Caulk, 303-723-2010, steve.caulk@echostar.com
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