DIRECTV Completes $2.5 Billion Financing

The DIRECTV Group, Inc. (NASDAQ:DTV) announced today that its subsidiaries, DIRECTV Holdings LLC and DIRECTV Financing Co., Inc., have completed their previously announced $2.5 billion debt financing. This financing consists of $1.5 billion in 7-5/8% senior notes due 2016 and $1.0 billion of incremental floating rate term loans under their existing senior secured credit facility. The net proceeds of these financings are available for general corporate purposes, including payment of a dividend to DIRECTV Group, to be used by it to fund purchases of its stock under its recently announced $3 billion share repurchase program.

The senior notes were sold pursuant to Rule 144A and Regulation S under the Securities Act and have not been registered in the United States under the Securities Act or in any other jurisdiction and may not be offered or sold in the United States absent registration on an applicable exemption from the registration requirements.

The DIRECTV Group (NASDAQ:DTV) is a world-leading provider of digital television entertainment services. Through its subsidiaries and affiliated companies in the United States, Brazil, Mexico and other countries in Latin America, the DIRECTV Group provides digital television service to more than 17 million customers in the United States and more than 5.1 million customers in Latin America.

Contacts

The DIRECTV Group, Inc.
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Darris Gringeri, 212-462-5136
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212-462-5200