DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. Close Offering of $750 Million Senior Notes
January 15 2013 - 9:47AM
Business Wire
DIRECTV Holdings LLC and DIRECTV Financing Co., Inc.
(collectively, the “Issuers”), indirect subsidiaries of DIRECTV
(NASDAQ:DTV), announced today the closing of their public offering
of $750 million aggregate principal amount of 1.750% Senior Notes
due 2018 (the “Notes”). The Issuers intend to use the net proceeds
from the offering for general corporate purposes, which may include
a distribution to DIRECTV for its share repurchase plan and other
corporate purposes.
The Issuers have filed a registration statement on Form S-3
(including a prospectus) with the Securities and Exchange
Commission (“SEC”) for this offering. Interested parties should
read the prospectus in that registration statement, the prospectus
supplement for this offering and the other documents that the
Issuers have filed with the SEC that are incorporated by reference
into the prospectus supplement for more complete information about
the Issuers and this offering. These documents are available at no
charge by visiting EDGAR on the SEC web site at www.sec.gov.
Alternatively, copies of the prospectus and preliminary prospectus
supplement relating to the offering will be made available by any
underwriter or dealer participating in the offering to interested
parties who make a request by calling toll free Goldman, Sachs
& Co. at 1-866-471-2526 or J.P. Morgan Securities LLC collect
at 1-212-834-4533 or toll free Morgan Stanley & Co. LLC at
1-866-718-1649.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING
STATEMENTS
NOTE: This press 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 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,”
“project” or other similar words or phrases. Similarly, statements
that describe our objectives, plans or goals also are
forward-looking statements. All of these forward-looking statements
are subject to certain risks and uncertainties that could cause
actual results to differ materially from historical results or from
those expressed or implied by the relevant forward-looking
statement. Such risks and uncertainties include, but are not
limited to: increased competition; emerging digital media
competition; increasing programming costs and our ability to renew
programming contracts under favorable terms; increased subscriber
churn or subscriber upgrade and retention costs; potential material
increase in subscriber acquisition costs; general economic
conditions; risks associated with doing business internationally,
which for DIRECTV Latin America include political and economic
instability and foreign currency exchange rate volatility and
controls; pace of technological development; potential intellectual
property infringement; loss of key personnel; satellite
construction or launch delays; satellite launch and operational
risks; loss of a satellite; theft of satellite programming signals;
U.S. and foreign governmental and regulatory action; ability to
maintain licenses and regulatory approvals; significant debt;
indemnification obligations; tax-related liabilities; reliance on
network and information systems; and the outcome of legal
proceedings. We may face other risks described from time to time in
periodic reports filed by us with the U.S. Securities and Exchange
Commission.
About DIRECTV
DIRECTV (NASDAQ:DTV) is one of the world's leading providers of
digital television entertainment services.Through its subsidiaries
and affiliated companies in the United States, Brazil, Mexico and
other countries in Latin America, DIRECTV provides digital
television service to 19.9 million customers in the United States
and more than 14.5 million customers in Latin America. DIRECTV
sports and entertainment properties include three regional sports
networks (Northwest, Rocky Mountain and Pittsburgh) as well as a 42
percent ownership interest in Game Show Network. For more
information on DIRECTV, visit directv.com.
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