Company Overview of DirecTV Financing Co. Inc.
DIRECTV Financing Co., Inc. issues equity interests to DIRECTV Holdings LLC. The company is based in El Segundo, California. DIRECTV Financing Co., Inc. operates as a subsidiary of DIRECTV Holdings LLC.
2230 East Imperial Highway
El Segundo, CA 90245
Key Executives for DirecTV Financing Co. Inc.
Chief Financial Officer and Executive Vice President
Compensation as of Fiscal Year 2014.
DirecTV Financing Co. Inc. Key Developments
DIRECTV Holdings LLC and DirecTV Financing Co. Inc. Complete Redemption of the Outstanding $1,000.0 Million 4.750% Senior Notes Due 2014
Apr 24 14
DIRECTV Holdings LLC and DIRECTV Financing Co. Inc. completed the previously announced redemption of all of the outstanding $1,000.0 million 4.750% Senior Notes due 2014 (the 2014 Notes). The Issuers redeemed the 2014 Notes at a price of 101.871% of the principal amount of notes redeemed, or approximately $1,018.7 million in total, plus approximately $3.0 million of accrued and unpaid interest to the redemption date. The 2014 Notes have been cancelled in accordance with the terms of the indenture governing the 2014 Notes.
Directv Holdings and Directv Financing Co. Finalize Offering of $1.25 Billion Senior Notes
Mar 26 14
Directv Holdings and Directv Financing Co. Inc. announced the closing of their public offering of $1.25 billion aggregate principal amount of 4.450% Senior Notes due 2024. The Issuers gave notice of their intention to redeem any and all outstanding aggregate principal amount of their 4.750% Senior Notes due 2014 on April 24, 2013. The 2014 Notes will be redeemed at a price based on the remaining scheduled payments of principal and interest using a discount rate equal to the Treasury Rate (as defined in the indenture governing the 2014 Notes) in effect as of April 21, plus 40 basis points, together with accrued and unpaid interest, if any, to the Redemption Date. The aggregate principal amount of the Notes outstanding on March 20, 2013, was $1,000,000,000. The Issuers have instructed The Bank of New York Mellon Trust Company, N.A., as trustee for the 2014 Notes, to distribute a Notice of Redemption to all registered holders of the 2014 Notes on March 25. The Issuers intend to use the net proceeds from the offering of the Notes to redeem the 2014 Notes as well as for general corporate purposes, which may include a distribution to Directv for purposes of funding repurchases under its share repurchase program and other corporate purposes.
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