SiriusXM To Offer $750 Million In Notes
May 1, 2014 at 5:29 AM (PT)
SIRIUS XM RADIO INC. will offer $750 million of Senior Notes due 2024 to qualified institutional buyers, the company announced today.
Net proceeds from the offering will be used for general corporate purposes, including, at the company's discretion, stock and debt buybacks and redemptions. Excess amounts will be kept as cash on hand.