The DirecTV Group Inc. said its DirecTV Holdings LLC subsidiary completed its previously announced senior secured credit facility. The size of the facility was increased to $2.5 billion as DirecTV elected not to proceed with an anticipated $500 million unsecured notes offering. The company also announced that DirecTV Holdings LLC and DirecTV Financing Co. Inc. elected to redeem $490 million aggregate principal amount of their outstanding 8-3/8 percent Senior Notes due in 2013, representing 35 percent of the $1.4 billion aggregate principal amount outstanding.
DirecTV Announces Latest Financing Maneuvers
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