Sirius XM Holdings Inc. (NASDAQ: SIRI) announced today that onOctober 1, 2016 its subsidiary, Sirius XM Radio Inc., will redeem all of its outstanding 5.875% Senior Notes due 2020 (CUSIP: 82967N AQ1, U82764 AG3 and 82967N AR9; ISIN: US82967NAQ16, USU82764AG33 and US82967NAR98). As of August 25, 2016, $650,000,000 in aggregate principal amount of the 5.875% Notes were outstanding. SiriusXM intends to use cash on hand as well as the proceeds of a drawing under its revolving credit facility to fund the redemption.
This announcement is neither an offer to sell nor a solicitation to buy any security, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which an offer, solicitation, or sale would be unlawful.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest radio company measured by revenue and has more than 30.6 million subscribers. SiriusXM creates and offers commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming. SiriusXM is available in vehicles from every major car company in the U.S. and on smartphones and other connected devices as well as online at siriusxm.com. SiriusXM radios and accessories are available from retailers nationwide and online at SiriusXM. SiriusXM also provides premium traffic, weather, data and information services for subscribers through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM delivers weather, data and information services to aircraft and boats through SiriusXM Aviation, SiriusXM Marine™, Sirius Marine Weather, XMWX Aviation™, XMWX Weather, and XMWX Marine™. In addition, SiriusXM Music for Business provides commercial-free music to a variety of businesses. SiriusXM holds a minority interest in SiriusXM Canada which has approximately 2.7 million subscribers. SiriusXM is also a leading provider of connected vehicles services to major automakers, giving customers access to a suite of safety, security, and convenience services including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.
