SiriusXM To Redeem $753.5 Million of Debt
August 1, 2013 at 3:35 PM (PT)
SIRIUSXM RADIO has announced that it will redeem all of its outstanding 8.75% Senior Notes due 2015 on SEPTEMBER 3rd.
As of TODAY (8/1), $753,487,000 of the 8.75% Notes remains outstanding. The company intends to use the proceeds from the issuance of $600,000,000 aggregate principal amount of its 5.75% Notes due 2021 as well as cash on hand to fund the redemption.