(Source: Business Wire)
DIRECTV Holdings LLC (the "Company"), a wholly owned subsidiary of THE
DIRECTV Group, Inc. (NASDAQ:DTV), announced today the pricing of an
issuance of $1 billion of 4 3/4% Senior Notes due 2014 and $1 billion of
5 7/8% Senior Notes due 2019 (together, the "Notes"). The closing of the
offering is expected to occur on September 22, 2009, subject to
satisfaction of customary closing conditions. The Company will receive
gross proceeds of $1,989,880,000 from this offering and expects to use
the net proceeds for general corporate purposes and for the repurchase
of its existing 8 3/8% Senior Notes due 2013 pursuant to a tender offer
announced by the Company on September 14, 2009.
The offering will be made in accordance with Rule 144A under the
Securities Act of 1933, as amended, to purchasers in the United States
and in accordance with Regulation S under the Securities Act to
purchasers outside of the United States. The offering of the Notes has
not been registered under the Securities Act, and the Notes may not be
offered or sold absent registration or an applicable exemption from
registration. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy the Notes.
About DIRECTV Group
The DIRECTV Group, Inc. (NASDAQ:DTV) is the world's leading provider of
digital television entertainment services. Through its subsidiaries and
affiliated companies in the United States, Brazil, Mexico and other
countries in Latin America, the DIRECTV Group provides digital
television service to more than 18.3 million customers in the United
States and over 6 million customers in Latin America.
A service of YellowBrix, Inc.
