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The DirecTV Group Inc. said its subsidiaries, DirecTV Holdings LLC and DirecTV Financing Co. Inc., intend to enter into a new $2 billion senior secured credit facility and issue up to $500 million principal amount of unsecured notes. DirecTV Group expects the new credit facility and notes offering to be completed in early April. The proceeds of these financings will repay and terminate the existing $1.26 billion senior secured credit facility of DirecTV Holdings and will allow to repay an unsecured promissory note in an aggregate principal of $875 million owing to DirecTV Group, with the remaining proceeds to be available for working capital or other purposes and to pay transaction costs.

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