Steve Mehs
03-07-03, 04:29 AM
Hughes Electronics completed the previously announced transaction for DirecTV Holdings' senior secured credit facilities. The size of the facilities was increased to $1.675 billion from the previously announced $1.55 billion, the company said.
In addition to the senior secured credit facilities, DirecTV closed a $1.4 billion senior notes offering on Feb. 28.
The senior secured credit facilities consist of a $250 million five-year revolving credit facility, a $375 million five-year Term A loan and a $1.05 billion seven-year Term B loan. The facilities are secured by substantially all of DirecTV's assets and are guaranteed by all of DirecTV's domestic subsidiaries.
From SkyReport (http://www.skyreport.com/skyreport/mar2003/030703.shtm#three) (Used with Permission)
In addition to the senior secured credit facilities, DirecTV closed a $1.4 billion senior notes offering on Feb. 28.
The senior secured credit facilities consist of a $250 million five-year revolving credit facility, a $375 million five-year Term A loan and a $1.05 billion seven-year Term B loan. The facilities are secured by substantially all of DirecTV's assets and are guaranteed by all of DirecTV's domestic subsidiaries.
From SkyReport (http://www.skyreport.com/skyreport/mar2003/030703.shtm#three) (Used with Permission)