Dish Secures $9 Billion in Committed Financing for Sprint Bid

Dish Network Corp. took one step closer to arranging $9 billion in committed financing for its $25.5 billion bid for Sprint Nextel Corp., according to people familiar with the matter.

Dish received signed commitment letters from five banks, including Barclays Bank and Jefferies & Co., the people said. Including about $2.6 billion it raised in bonds last week, Dish has now raised close to $12 billion for the deal.

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