17.03.2014 17:46:00
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DIRECTV Holdings LLC -- Moody's assigns Baa2 ratings to DIRECTV Holdings' proposed bond offering
New York, March 17, 2014 -- Moody's Investors Service assigned Baa2 ratings to DIRECTV Holdings LLC's (DTV Holdings) benchmark size issuance of senior unsecured bonds due 2024. The new notes will be issued by DIRECTV's operating subsidiary, DTV Holdings, and will rank pari passu with DTV Holdings' existing senior unsecured notes, also rated Baa2. The net proceeds from this offering will be used for general corporate purposes and repayment of debt maturities, which include 4.75% $1 billion senior notes due in 2014. The rating outlook is stable.