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Prospect News home > News index > List of issuers Paydowns > Headlines for Altivity Packaging, LLC > News item
Published on 8/25/2016 in the Prospect News Bank Loan Daily.

Sirius XM to draw down on revolver to partially fund note redemption

By Wendy Van Sickle

Columbus, Ohio, Aug. 25 – Sirius XM Holdings Inc. said its subsidiary Sirius XM Radio Inc. will draw down on its revolving credit facility to partially fund the redemption of its $650 million of outstanding 5 7/8% senior notes due 2020.

The company will also use cash on hand to fund the Oct. 1 redemption, according to a press release.

Sirius XM Holdings Inc. is a New York-based radio broadcaster.


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