<< Read Full Article
<< Read Full Article
During Sirius XM Radio's(SIRI Quote) shareholder meeting in late May, the company made clear that its massive debt load was a primary concern.
On Monday, XM Satellite Radio, a subsidiary of Sirius XM, took a big step towards repaying its debt by announcing the issuance of $350 million in senior, secured notes. The notes will come due in 2013. In a press release, XM said it will use net proceeds to "repay all amounts outstanding under its amended and restated credit agreement."
Sirius and XM Satellite Radio merged back in July 2008, but it's been a rocky road for the entity of late. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 35.14 |
Oil *
72.50
|
|
UP
68.78
|
UP
6.41
|
UP
7.13
|
UP
0.32
|
10 Yr
3.51%
SPDR Gold
110.82
|
|
+0.67%
|
+0.58%
|
+0.33%
|
+0.92%
|
Data delayed 20 minutes |
Connect with TheStreet