If you own some 7-5/8% DirecTV Holdings LLC senior notes due 2016 you won’t be owning them through 2016. The company has called them for redemption – but at least you’ll be paid a premium.
DirecTV announced Friday (4/13) that it was calling the $1.5 billion issue as of May 15th. Holders will be paid 103.813% of the face amount.
The Bank of New York Mellon Trust Company is trustee for the notes and paying agent for the redemption. All registered holders were being sent notices of the redemption call.
