Home » Blog » INDUSTRY NEWS » Sirius XM Radio Inc. Intends To Offer $750 Million Of Senior Notes due 2024

Sirius XM Radio Inc. Intends To Offer $750 Million Of Senior Notes due 2024


SiriusXM announced today that its subsidiary, Sirius XM Radio Inc., intends to offer, subject to market conditions, $750 million of Senior Notes 2024 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons outside the United States in compliance with Regulation S of the Securities Act.

The company intends to use the net proceeds from this offering, together with cash on hand, to redeem a portion of its 6.00% Senior Notes due 2024 at a purchase price of 103.00% of the principal amount thereof plus accrued and unpaid interest thereon to, but excluding, the redemption date.

The securities have not been and will not be registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration, except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.  This announcement does not constitute a notice of redemption of the 6.00% Senior Notes due 2024.

Related posts

Jenn Grant, Ivory Hours are Ones to Watch With The Verge


Teyana Taylor Stuns Wearing Thom Browne at The 2019 CFDA Awards

Michael Mitchell

Marc Murphy premieres Food Podcast on iHeartRadio


iHeartMedia Names New President of Programming Operations


Video: Lil Kim Crashes Gabrielle Union’s Birthday Party in Miami


Penske Media Makes Strategic Investment In BuzzAngle Music


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.