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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 4/23/2014 in the Prospect News Canadian Bonds Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Sirius XM Canada to redeem remaining 9.75% notes due 2018 in May

By Jennifer Chiou

New York, April 23 - Sirius XM Canada Holdings Inc. announced that it will redeem all C$130.8 million of its outstanding 9.75% senior notes due 2018 on May 23.

The parent of Toronto-based Sirius XM Canada Inc. will pay a redemption price equal to 107.9622 plus accrued interest.

The company said it plans to use some of the proceeds from its previously announced private placement of C$200 million of 5.625% senior notes due 2021 to fund the redemption.


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