|[January 15, 2013]
DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. Close Offering of $750 Million Senior Notes
EL SEGUNDO, Calif. --(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 (News - Alert)") 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 fre 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.
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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