[Satellite Today – 5-8-08] DirecTV Holdings LLC and DirecTV Financing Co. Inc. will offer up to $1.4 billion in senior notes, DirecTV announced May 7.
DirecTV may also offer an additional $150 million in notes and intends to raise up to $1 billion in loans under its existing senior secured credit facility.
DirecTV intends to use the proceeds for general corporate purposes, including to pay a dividend to parent group DirecTV Group, which will be available to be used to fund stock repurchases.
DirecTV To Raise Up To $2.5 Billion In Debt
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