Sirius XM Radio LLC prices $1.25B 5.875% senior notes due 2032

Reuters
Feb 27
Sirius XM Radio LLC prices $1.25B 5.875% senior notes due 2032

Sirius XM Holdings Inc. said its subsidiary Sirius XM Radio LLC priced an upsized $1.25 billion offering of 5.875% senior notes due 2032. The subsidiary plans to use the net proceeds, along with cash on hand, to buy back its 3.125% senior notes due 2026 through a concurrent tender offer and then redeem or discharge any remaining 2026 notes, and to redeem $250 million of its 5.000% senior notes due 2027.

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