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Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item
Published on 7/6/2017 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Sirius XM to redeem 5¾% notes due 2021 on Aug. 4

New York, July 6 – Sirius XM Radio, Inc. will redeem its $600 million of 5¾% senior notes due 2021 on Aug. 4, according to a notice from the issuer.

The company will pay 102.875% of par plus accrued interest.

Sirius XM priced an upsized $2 billion of new notes in two tranches on June 26 and said it would use the proceeds to redeem the 5¾% notes as well as to redeem all of its outstanding 4¼% senior notes due 2020 and to repay a portion of the $1 billion currently outstanding under its revolving credit facility.

Sirius is a New York-based radio broadcasting company.


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