DIRECTV Holdings LLC, an indirect subsidiary of DIRECTV DTV, today announced it closed its registered offering of $1,500,000,000 of 3.500% Senior Notes due 2016, $1,500,000,000 of 5.000% Senior Notes due 2021, and $1,000,000,000 of 6.375% Senior Notes due 2041.
The Company received net proceeds of $3.97 billion from the sale of the Notes. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include a distribution to its parent, DIRECTV, for its share repurchase plan and other corporate purposes.
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