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Easy1

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Easy1

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Tuesday, 06/16/2015 4:49:25 PM

Tuesday, June 16, 2015 4:49:25 PM

Post# of 30800
• Sirius XM Holdings (NASDAQ:SIRI) says its radio subsidiary has amended its senior secured revolving credit facility, expanding it to $1.75B from $1.25B and its maturity to 2020.
• The facility hasn't been drawn upon. Sirius XM will use it for working capital and corporate purposes (including dividends and financing acquisitions).
• SiriusXM's financial strength has continued to rapidly improve," says CFO David Frear, "and we are pleased that the bank market has recognized that fact allowing us to increase the facility size by 40% while improving terms and extending the maturity.
• Shares are down 0.3% after hours.
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