SiriusXM calls all $186.11 million of 9¾% senior notes due 2015

By Tali David

Minneapolis, July 25 - Sirius XM Radio called all $186,112,000 of its 9¾% senior secured notes due 2015, according to press release.

The bonds will be redeemed at 104.875 plus accrued interest on Sept. 1.

"The early retirement of these notes will reduce interest expense and eliminate the only remaining piece of secured debt on our balance sheet," SiriusXM executive vice president and chief financial officer David Frear said in the release.

SiriusXM is a New York-based satellite radio provider.

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