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Short Take: Pegasus Communications makes private offering

Pegasus Communications, one of the largest independent providers of DirecTV, will make a $100 million private offering of senior notes. The company, which operates ten television stations and a Puerto Rican cable system, will use the proceeds to finance more direct broadcasting system acquisitions and to repay loan debt. The Pegasus satellite unit serves 425,000 customers in 36 states.

Pegasus Communications, one of the largest independent providers of DirecTV, will make a $100 million private offering of senior notes. The company, which operates ten television stations and a Puerto Rican cable system, will use the proceeds to finance more direct broadcasting system acquisitions and to repay loan debt. The Pegasus satellite unit serves 425,000 customers in 36 states.