DirecTV intends to sell offering of senior notes

By Aleesia Forni

Virginia Beach, March 17 - DirecTV Holdings LLC and DirecTV Financing Co. intend to sell an offering of senior notes, according to a 424B2 filed with the Securities and Exchange Commission on Monday.

The bookrunners are Barclays, Citigroup Global Markets Inc., UBS Securities LLC and Goldman Sachs & Co.

The net proceeds from the offering will be used for general corporate purposes, which may include the repayment of debt, including the company's 4.75% notes due Oct. 1, 2014, or a distribution to DirecTV to fund repurchases under its share repurchase program and other corporate purposes.

The notes are guaranteed by DirecTV, DirecTV LLC, DirecTV Customer Services, Inc., DirecTV Merchandising, Inc., DirecTV Enterprises, LLC, LABC Productions, LLC and DirecTV Home Services, LLC.

The digital entertainment company, based in El Segundo, Calif., last sold bonds in the U.S. market with a $750 million offering of 1.75% five-year senior notes at 115 basis points over Treasuries on Jan. 10.

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