Jump to content

Welcome to DBSTalk

Sign In 

Create Account
Welcome to DBSTalk. Our community covers all aspects of video delivery solutions including: Direct Broadcast Satellite (DBS), Cable Television, and Internet Protocol Television (IPTV). We also have forums to discuss popular television programs, home theater equipment, and internet streaming service providers. Members of our community include experts who can help you solve technical problems, industry professionals, company representatives, and novices who are here to learn.

Like most online communities you must register to view or post in our community. Sign-up is a free and simple process that requires minimal information. Be a part of our community by signing in or creating an account. The Digital Bit Stream starts here!
  • Reply to existing topics or start a discussion of your own
  • Subscribe to topics and forums and get email updates
  • Send private personal messages (PM) to other forum members
  • Customize your profile page and make new friends
Guest Message by DevFuse


Street Eyes DirecTV's $2.95 Billion Debt

  • This topic is locked This topic is locked
No replies to this topic

#1 OFFLINE   Steve Mehs

Steve Mehs

    Hall Of Fame

  • Banned User
  • 11,499 posts
Joined: Mar 21, 2002

Posted 11 February 2003 - 05:12 AM

DirecTV said Monday it intends to privately offer up to $1.4 billion in senior notes due 2013 as well as arrange $1.55 billion in new senior secured credit facilities.

DirecTV, controlled by Hughes Electronics, said it expects to raise the $2.95 billion in debt by early March.

The DirecTV debt announcement caught the eyes of Wall Street analysts, which continue to closely watch any future acquisition of the coveted satellite TV assets. William Kidd of Lehman Brothers said the move may be a precursor to the sale of General Motors' stake in Hughes, with the bulk of money for any purchase being pre-arranged at Hughes as opposed to being contingent on a buying company's ability to arrange bridge financing.

"We believe the move reflects GM's confidence that the sale of its block is now fairly timely. As an aside, the financing also allows GM to monetize a large portion of its stake through a repurchase, even if no deal is consummated for Hughes," Kidd said.

DirecTV said it plans to distribute to Hughes the net proceeds from the debt sale and the term loan portion of the credit facilities. The money will enable Hughes to repay outstanding debt under existing credit facilities, fund its business plan through projected cash flow breakeven and for other corporate purposes, the satellite TV company said.

From SkyReport (Used with Permission)
Friends Don't Let Friends Subscribe To: Verizon Landline, Verizon DSL, Verizon Fios Phone, Verizon Fios Broadband, Verizon Fios TV, Verizon Wireless or Verizion Wireless Mobile Broadband
Keep America Beautiful, Ban Verizon From Your Home!
Down With Verizon!

...Ads Help To Support This Site...

Protected By... spam firewall...And...