DirecTV Selling $6.2 Billion of Debt as Part of AT&T Split (1)

DirecTV is selling $6.2 billion of debt via the high-yield and leveraged loan markets to help finance its split from AT&T Inc., according to a person with knowledge of the matter.

The television provider is marketing $3.1 billion of six-year secured bonds that are set to price Thursday and may yield around 6% to 6.5%, said the person, who asked not to be identified as the details are private. It’s also looking to sell a $3.1 billion six-year leveraged loan that pays about 5.25 percentage points more than the London interbank offered rate. Lender commitments are now due Wednesday after ...