Sirius calls all 15% notes due 2007, 14½% notes due 2009

By Jennifer Chiou

New York, Aug. 8 - Sirius Satellite Radio announced the Sept. 8 redemption of all its 15% senior secured discount notes due 2007 and 14½% senior secured notes due 2009.

The New York satellite radio provider will redeem the 15% notes at 107.5% and will redeem the 14½% notes at 104.833%, both plus accrued interest to the redemption date.

The company said on March 22 that it would use the proceeds from a $250 million offering of senior notes due 2015 for the redemption.

The Bank of New York is trustee.

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