E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/20/2021 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Moody's assigns DirecTV notes Ba3

Moody's Investors Service said it assigned a Ba3 rating to the planned $3.1 billion of senior secured notes due 2027 of DirecTV Financing, LLC and DirecTV Financing Co-Obligor, Inc. Both are indirect wholly owned subsidiaries of DirecTV Entertainment Holdings LLC.

Moody's had previously also assigned a Ba3 rating to the company's five-year $500 million senior secured revolving credit facility and six-year $3.1 billion senior secured term loan which will be pari passu to the expected notes issuance.

The proceeds are expected to be distributed to AT&T at the transaction’s close.

The outlook is stable.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.