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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

    Steve Mehs Hall Of Fame

    Mar 21, 2002
    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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