Sirius XM Radio increases revolver to $1.75 billion, extends it to 2020

By Tali Rackner

Norfolk, Va., June 16 – Sirius XM Holdings Inc. subsidiary Sirius XM Radio Inc. entered into an amendment to its existing senior secured revolving credit facility to increase total commitments to $1.75 billion from $1.25 billion and extend the maturity to 2020, according to a press release.

J.P. Morgan Chase Bank, NA acted as administrative agent. J.P. Morgan Securities LLC acted as a joint bookrunner along with Bank of America Merrill Lynch, Barclays Bank plc, BMO Capital Markets Corp., BNP Paribas Securities Corp., Morgan Stanley MUFG Loan Partners, LLC, Credit Agricole Corporate and Investment Bank, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs, Mizuho Bank, Ltd., RBC Capital Markets LLC, Scotiabank, SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.

Borrowings will be used for working capital and other general corporate purposes, including without limitation, share repurchases, dividends and the financing of acquisitions.

Sirius XM is a New York-based satellite radio provider.

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