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DirecTV $3.1 Billion Financing Done

Discussion in 'DIRECTV General Discussion' started by Steve Mehs, Mar 7, 2003.

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  1. Steve Mehs

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    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 (Used with Permission)
     
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