Dish Network has set out plans to offer around $500 million of its senior secured notes in order to fund its ongoing 5G network rollout.

In a statement, the company said that the money will be used to drive the buildout of its wireless infrastructure, and for other general corporate purposes.

The company is looking to build on the $2 billion it was seeking to raise in October of last year, which it again said was for its mobile network build.

"The notes will be secured by certain assets of certain Dish Network subsidiaries," the company said in a statement.

According to the firm's 8-K filing, the value of the company's spectrum holdings has been pegged at around $10 billion.

In one of its filings, Dish revealed that as of December 31, 2022, the firm has started construction on over 15,000 5G sites, which once completed, will be capable of providing broadband coverage to over 60 percent of the US population.

Dish says that at its current construction rate, it can build approximately 1,000 5G sites per month.