Dish launches $500 million bond offering to help fund buildout of wireless infrastructure

Dish Network Corp.
DISH,
+0.07%
said Tuesday it has launched an offering of $500 million of senior secured notes, with the proceeds earmarked for the financing of the buildout of wireless infrastructure. The company said the notes will be secured by certain assets of some of its subsidiaries. The company did not say when the notes will mature. The stock was flat premarket but has fallen 60% in the last 12 months, while the S&P 500
SPX,
-0.20%
has fallen 14%.