[Satellite TODAY 09-23-09] DirecTV has secured $2 billion in debt financing, the company announced Sept. 22.
    The financing, which was offered to investors Sept. 14, consists of $1 billion in 4.75 percent senior notes due 2014 and $1 billion in 5.62 percent senior notes due 2019. The net proceeds will be available for DirecTV’s general corporate purposes and for the repurchase of its existing 8.37 percent senior notes due 2013.
    DirecTV’s most recent financial reports, released in August, showed an 11 percent drop in profits for the second quarter of 2009. DirecTV’s revenue improved 9 percent from $4.8 billion to $5.2 billion. However, earnings dropped to $407 million in the quarter from $455 million in the same quarter in 2008.
    DirecTV added 224,000 net new subscribers in the quarter, a 74 increase from a year ago and expects to add 156,000 net subscribers in the third quarter.

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