Cahill Represents Debt Financing Sources in DIRECTV’s $2.6 Billion in Debt Financings
Date: 02/10/25
Cahill represented the initial purchasers in connection with a Rule 144A offering of $2.074 billion aggregate principal amount of 10.00% senior secured notes due 2031 by DIRECTV Financing, LLC and DIRECTV Financing Co-Obligor, Inc.
Cahill also represented the administrative agent and lead arrangers in connection with an amendment to the existing credit agreement for DIRECTV Financing, LLC to establish a $565 million incremental Term B credit facility.
Proceeds from the offering and the incremental Term B credit facility were used to fund a distribution to the parent companies of DIRECTV, for the repayment of existing indebtedness and for general corporate purposes.