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XM Launches Note Exchange Offer
August 18, 2006 at 6:01 AM (PT)
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XM SATELLITE RADIO HOLDINGS INC. has launched an offer to exchange a new series of 9.75% Senior Notes due in 2014 and a new series of Senior Floating Rate Notes due 2013 for all of the 9.75% Senior Notes due in 2014 and Senior Floating Rate Notes due 2013, respectively, issued in MAY 2006 as part of a private placement under Rule 144A. The exchange offer expires on SEPTEMBER 18.

