XM Takes on More Debt Refinancing Ahead of Merger (XMSR, SIRI)
from 24/7 Wall St.,
2 months ago
It has been known that mandatory debt refinancing was coming down the pipe for both XM Satellite Radio Inc. (NASDAQ: XMSR) and for Sirius Satellite Radio inc. (NASDAQ: SIRI). We have now seen the pricing of some $778.5 million of new senior notes offered under a Rule 144A and Regulation S under the SEC rules. This appears to be an increased offering from the $400 million previously discussed.
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