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Prospect News home > News index > List of issuers D > Headlines for DirecTV Financing LLC > News item
Published on 1/11/2024 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P assigns BB to DirecTV notes

S&P said it assigned BB issue-level and 2 recovery ratings to DirecTV Financing LLC's planned secured notes due 2030. The 2 recovery rating indicates substantial (70%-90%; rounded estimate: 70%) recovery in default.

The ratings are the same as those on DirecTV’s outstanding senior secured debt.

The company plans to use the proceeds to refinance a portion of its $3.1 billion term loan B due 2027.

The outlook is stable.


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