DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. Close Offering of €500 Million Senior Notes
May 20 2013 - 4:35PM
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 €500 million aggregate principal amount of 2.750% Senior Notes
due 2023 (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 Barclays Bank PLC
at 1-888-603-5847 or Deutsche Bank AG, London Branch at
1-800-503-4611 or Merrill Lynch International at
1-800-294-1322.
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; 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; 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 over 20 million
customers in the United States and more than 16 million customers
in Latin America. DIRECTV sports and entertainment properties
include two regional sports networks (Rocky Mountain and
Pittsburgh), and minority ownership interests in Root Sports
Northwest and Game Show Network. For more information on DIRECTV,
visit directv.com.
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