DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. Extend Exchange Offer Relating to Outstanding 7.625% Senior Notes
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EL SEGUNDO, Calif.--(BUSINESS WIRE)--
DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. (collectively, the "Issuers"), two wholly-owned subsidiaries of The DIRECTV Group, Inc. (NASDAQ: DTV), today announced that the expiration date of its offer to exchange up to $1,500,000,000 aggregate principal amount of its outstanding 7.625% Senior Notes due 2016, which were initially issued and sold in a private placement on May 14, 2008, for an equal aggregate principal amount of its registered 7.625% Senior Notes due 2016 has been extended to 5:00 p.m., New York City time, on Friday, November 14, 2008, as an accommodation to holders of the 7.625% Senior Notes that have not yet tendered their Notes.
To date, Issuers have received tenders of Notes from holders of approximately 99.9% of the outstanding principal amount of the 7.625% Notes pursuant to its Exchange Offer and the related Letter of Transmittal and Notice of Guaranteed Delivery.
The Bank of New York Mellon Trust Company, N.A. is the exchange agent for the Exchange Offer, and also acts as trustee.
Source: DIRECTV Group, Inc.
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