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Published on 1/15/2014 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Sirius XM Canada to redeem 8% convertible debentures at par on Feb. 18

By Jennifer Chiou

New York, Jan. 15 - Sirius XM Canada Holdings Inc. announced that it will redeem all C$20 million of its outstanding 8% convertible unsecured subordinated debentures due Sept. 12, 2014.

The company will pay par plus accrued interest to the Feb. 18 redemption date, for a total of C$1,010.74 per C$1,000 principal amount.

The issuer is the parent of Toronto-based Sirius XM Canada Inc.


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