Sirius XM Holdings Inc (SIRI)

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Sirius XM Radio prices $1 Billion offering of senior notes due 2025 at 5.375%
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4:36 PM ET 3/3/15 | Briefing.com
RELATED QUOTES

4:00 PM ET 3/3/15
Symbol Last % Chg
SIRI
4.00 1.01%
Quotes delayed at least 15 minutes

The company intends to use the net proceeds from the offering for general corporate purposes, which may include, from time to time and as market conditions warrant, the repayment, repurchase, redemption, defeasance or tender of its outstanding indebtedness, including any borrowings outstanding under its revolving credit facility, and dividends or loans to SiriusXM, its parent corporation, to fund share repurchases of SiriusXM common stock. Pending application of these amounts, the company currently expects to maintain any excess amount as cash on hand.