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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.
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