Moody’s rates DirecTV loans Ba3

Moody's Investors Service said it assigned Ba3 ratings to DirecTV Financing, LLC's planned extension to August 2029 of $1.25 billion of its $3.2 billion senior secured first-lien term loan B due August 2027 and its proposed extension to August 2028 of its $500 million senior secured first-lien revolving credit facility due August 2026.

The term loan proceeds will be used in conjunction with other secured debt to pay down debt outstanding under the company's $3.2 billion first-lien term loan.

All other ratings including the company's Ba3 corporate family rating and stable outlook are unchanged, the agency said.

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