DirecTV has flexibility to look at taking out some older debt: CFO

By Jennifer Lanning Drey

Savannah, Ga., March 8 - DirecTV now has the flexibility to consider taking out some of its older debt after raising $4 billion of new debt, Pat Doyle, the company's chief financial officer, said during a Tuesday presentation at the Deutsche Bank & Media Telecom conference in Palm Beach, Fla.

"No plans today, but [the new debt] gives us a little bit of flexibility to deal with some things that would be NPV-positive to us," Doyle said.

As previously reported, DirecTV sold $4 billion of notes in three parts on March 7. The deal brought good pricing and strong demand, Doyle said.

DirecTV is an El Segundo, Calif., provider of digital multichannel television entertainment.

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