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Sirius extends greenshoe
New York, March 12 - Sirius Satellite Radio said it has extended the time period for the underwriters to exercise the over-allotment option on its recent offering of convertible notes due 2009.
The option will now expire on April 13.
Sirius priced an upsized $250 million offering of the convertibles on Feb. 13 before the open to yield 2.5% with a 41% initial conversion premium via bookrunner Morgan Stanley & Co.
The greenshoe is for $50 million.
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