SatelliteFinance understands that satellite broadcaster DirecTV is on the verge of securing a new US$2bn revolving credit facility.
The unsecured revolver will be taken out via subsidiary DirecTV Holdings and has a tenor of five years.
MLAs are Barclays…
SatelliteFinance understands that satellite broadcaster DirecTV is on the verge of securing a new US$2bn revolving credit facility.
The unsecured revolver will be taken out via subsidiary DirecTV Holdings and has a tenor of five years.
MLAs are Barclays Capital and Citigroup with BoA Merrill Lynch, JP Morgan and UBS also thought to be participating.
DirecTV was last in the market in September 2010 with a US$3bn three tranche senior unsecured bond offering. Proceeds from that facility, also through DirecTV Holdings, were used to repay the US$1.22bn outstanding borrowings under the Term Loan A and B portions of its senior secured credit facility. The bond was arranged by Citigroup, JP Morgan, Credit Suisse and Goldman Sachs, while BarCap, Bank of America and UBS were co-managers.
