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SiriusXM to redeem all $753.49 million of 8¾% senior notes due 2015
By Tali David
Minneapolis, Aug. 1 - Sirius XM Radio will redeem all $753,487,000 of its 8¾% senior notes due 2015, according to a press release.
The notes will be redeemed on Sept. 3.
The company said it intends to use the proceeds from the issuance of $600 million of 5¾% notes due 2021, as well as cash on hand, to fund the redemption.
SiriusXM is a New York-based satellite radio provider.
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