Sirius XM to redeem 9 5/8% notes with proceeds of $550 million notes

By Susanna Moon

Chicago, March 12 - Sirius XM Radio Inc. said it plans to redeem all of its 9 5/8% senior notes due 2013 using proceeds from a $550 million notes offering.

The company plans to sell the senior notes due 2015 to institutional buyers under Rule 144A.

Any remaining proceeds will be used for general corporate purposes.

Sirius XM Radio is a satellite radio provider based in New York.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.