CASPER
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XM Launches Notes Offering
XM Satellite Radio on Monday launched an offering of $400 million aggregate principal amount of new senior notes.
The company said the offering is part of a series of transactions to refinance certain debt in connection with its pending merger with Sirius. XM said the offering will be structured in a manner that will permit it to be unwound if the merger is not consummated.
Closing of the pending merger remains subject to approval from the Federal Communications Commission and satisfaction of other applicable conditions.
XM Satellite Radio on Monday launched an offering of $400 million aggregate principal amount of new senior notes.
The company said the offering is part of a series of transactions to refinance certain debt in connection with its pending merger with Sirius. XM said the offering will be structured in a manner that will permit it to be unwound if the merger is not consummated.
Closing of the pending merger remains subject to approval from the Federal Communications Commission and satisfaction of other applicable conditions.
