Scott Greczkowski
02-10-03, 01:39 PM
Monday February 10, 12:38 pm ET
DirecTV Launches $3 Billion Refinancing Amid Merger Speculation
Associated Press
NEW YORK (AP) -- DirecTV Holdings LLC, the largest U.S. satellite-television broadcaster, Monday unveiled a debt refinancing plan of nearly $3 billion, even as parent Hughes Electronics remained the center of takeover speculation.
The junk-rated company said it would sell up to $1.4 billion of 10-year senior notes and arrange $1.55 billion in new senior secured credit facilities. The credit facilities will have terms of five to seven years.
Read the rest at http://biz.yahoo.com/ap/030210/directv_debt_1.html
DirecTV Launches $3 Billion Refinancing Amid Merger Speculation
Associated Press
NEW YORK (AP) -- DirecTV Holdings LLC, the largest U.S. satellite-television broadcaster, Monday unveiled a debt refinancing plan of nearly $3 billion, even as parent Hughes Electronics remained the center of takeover speculation.
The junk-rated company said it would sell up to $1.4 billion of 10-year senior notes and arrange $1.55 billion in new senior secured credit facilities. The credit facilities will have terms of five to seven years.
Read the rest at http://biz.yahoo.com/ap/030210/directv_debt_1.html