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XM Completes Note Buyback
May 12, 2006 at 10:47 AM (PT)
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XM SATELLITE RADIO HOLDINGS announced that its tender offer to buy back its outstanding notes has been completed. XM bought back about $110.8 million of its 14% Senior Secured Discount Notes due 2009, $99.7 million of the 12% Senior Secured Notes due 2010, and $182.9 million of Senior Secured Floating Rate Notes due 2009. The offer expired at midnight ET MAY 10. The company has called for redemption of all the remaining 14% Notes and Floating Rate Notes, expected to be copmpleted at the end of MAY.

