Issuer Free Writing Prospectus filed pursuant to Rule 433
supplementing the Preliminary Prospectus Supplement dated January 10, 2013
Registration No. 333-168705
FINAL TERM SHEET
Dated: January 10, 2013
Issuers: |
| DIRECTV Holdings LLC (the “Company”) and DIRECTV Financing Co., Inc. (together with the Company, the “Issuers”) |
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Guarantors: |
| DIRECTV |
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Security: |
| 1.750% Senior Notes due 2018 |
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Principal Amount: |
| $750,000,000 |
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Maturity: |
| January 15, 2018 |
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Coupon (Interest Rate): |
| 1.750% per annum |
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Benchmark Treasury: |
| 0.750% due 12/31/2017 |
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Benchmark Treasury Spot and Yield: |
| 99-26 ¾ (0.784%) |
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Spread to Benchmark Treasury: |
| +115 basis points |
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Yield to Maturity: |
| 1.934% |
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Interest Payment Dates: |
| Semi-annually on July 15 and January 15, commencing July 15, 2013 |
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Make-Whole Call: |
| Greater of 100% or Treasury plus 20 basis points |
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Price to Public: |
| 99.127% |
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Settlement Date: |
| January 15, 2013 (T+3) |
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Trade Date: |
| January 10, 2013 |
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Denominations: |
| $2,000 & $1,000 |
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Joint Book-Running Managers: |
| Goldman, Sachs & Co. |
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Co-Managers: |
| Credit Agricole Securities (USA) Inc. |
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| Mitsubishi UFJ Securities (USA), Inc. |
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CUSIP / ISIN Number/ Common Code: |
| 25459H BH7 / US25459HBH75 |
As Adjusted Financial Information:
After giving effect to this offering of notes (and prior to any application of the proceeds therefrom), as of September 30, 2012, cash and cash equivalents would have been $3,160 million and total current assets would have been $6,571 million.
The Issuers have filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “Commission”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuers have filed with the Commission for more complete information about the Issuers and this offering. You may get these documents for free by visiting EDGAR on the Commission web site at www.sec.gov. Alternatively, the Issuers, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free, Goldman, Sachs & Co. at (866) 471-2526 or J.P. Morgan Securities LLC collect at (212) 834-4533 or Morgan Stanley & Co. LLC at (866) 718-1649.