DIRECTV Holdings LLC Completes $3.0 Billion
March 11, 2010 03:30 PM Eastern Time
EL SEGUNDO, Calif.--(EON: Enhanced Online News)--DIRECTV Holdings LLC (the "Company"), an indirect
subsidiary of DIRECTV (NASDAQ:DTV), announced today that it has completed its previously announced $3.0
billion debt financing. This financing consists of $1.2 billion in 3.550% Senior Notes due 2015, $1.3 billion in
5.200% Senior Notes due 2020 and $0.5 billion in 6.350% Senior Notes due 2040. The Company has received net
proceeds of approximately $2.98 billion from this financing and intends to use the net proceeds for general corporate
purposes, which will include the repayment of all of the Company's Term Loan C issued under its senior secured
credit facility, and may include a distribution to its parent, DIRECTV, for its share repurchase plan and other
The senior notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended,
and have not been registered in the United States under the Securities Act or in any other jurisdiction and may not be
offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the senior notes.
Cautionary Statement Concerning Forward-looking statements
NOTE: This release may include or incorporate by reference certain statements that we believe are, or may be
considered to be, "forward-looking statements" within the meaning of various provisions of the Securities Act of
1933 and of the Securities Exchange Act of 1934. These forward-looking statements generally can be identified by
use of statements that include phrases such as "believe," "expect," "estimate," "anticipate," "intend," "plan," "foresee,"
"project" or other similar words or phrases. Similarly, statements that describe our objectives, plans or goals also are
forward-looking statements. All of these