DIRECTV Holdings LLC & DIRECTV Financing Co., Inc. Extend Exchange Offer Relating to Outstanding 4.750% Senior Notes Due 2014...
April 05 2010 - 8:30AM
Business Wire
DIRECTV Holdings LLC and DIRECTV Financing Co., Inc.
(collectively, the “Issuers”), two wholly-owned subsidiaries of
DIRECTV, today announced that the expiration date of its offer to
exchange up to $1,000,000,000 aggregate principal amount of its
outstanding 4.750% Senior Notes due 2014 and $1,000,000,000
aggregate principal amount of its outstanding 5.875% Senior Notes
due 2019, which were initially issued and sold in a private
placement on September 22, 2009, for an equal aggregate principal
amount of its registered 4.750% Senior Notes due 2014 and 5.875%
Senior Notes due 2019 has been extended to 5:00 p.m., New York City
time, on Tuesday, April 13, 2010, as an accommodation to holders of
the 4.750% Senior Notes and 5.875% Senior Notes that have not yet
tendered their Notes.
To date, Issuers have received tenders of Notes from holders of
approximately 54.7% of the outstanding principal amount of
the 4.750 % Senior Notes and 35.5% of the outstanding
principal amount of the 5.875 % Senior Notes pursuant to its
Exchange Offer and the related Letter of Transmittal and Notice of
Guaranteed Delivery.
The Bank of New York Mellon Trust Company, N.A. is the exchange
agent for the Exchange Offer, and also acts as trustee.
About DIRECTV Group
The DIRECTV Group, Inc. (NASDAQ:DTV) is the world's leading
provider of digital television entertainment services. Through its
subsidiaries and affiliated companies in the United States, Brazil,
Mexico and other countries in Latin America, the DIRECTV Group
provides digital television service to more than 18.3 million
customers in the United States and over 6 million customers in
Latin America.
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