Title:

DTV's Nose Under The Leverage Tent?

Price:$150.00
Publication Date:May 07, 2008
Source:CreditSights Inc
Report Type:Article
Abstract:DirecTV is tapping the bond and loan markets in what we regard as a modest step toward the capital structure optimization goals of controlling shareholder Liberty Media. Over time, we expect the group will take further steps.
Brief Excerpt: DTV's Nose Under The Leverage Tent? DirecTV U.S. will issue up to $#.# billion in debt in order to finance a renewed share repurchase program of $# billion, which is well below what the company can afford at its current debt ratings...
Word Count:933
Report Type:Article
Topic:Capital Structure, Earnings Reports - TMT, High Yield
Format:HTML HTML
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.

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