AI
Monday, July 28, 2008 10:05:33 PM
they are running out of money for sure
XM Satellite Radio sells $700 mln notes - IFR
NEW YORK, July 24 (Reuters) - XM Satellite Radio Inc, a unit of XM Satellite Holdings Inc (XMSR.O: Quote, Profile, Research, Stock Buzz), on Thursday sold $700 million of senior notes in the 144a private placement market, said International Financing Review.
The notes were priced to yield 16.00 percent and sold through lead managers JP Morgan, Morgan Stanley and UBS, said IFR. The notes mature Aug. 1, 2014, but in certain circumstances the maturity will be Aug. 1, 2013.
XM Satellite Radio is raising money to refinance debt in connection with its pending merger with Sirius Satellite Radio Inc (SIRI.O: Quote, Profile, Research, Stock Buzz). Earlier on Thursday, a majority of members of the Federal Communications Commission reached an agreement to conditionally approve the merger.
The notes will initially be issued by XM Escrow LLC and placed in escrow until completion of the merger.
The notes were priced with a 13 percent coupon at a discount of 89.93 cents on the dollar. The face amount of the notes was $778.5 million, up from an originally planned $400 million.
http://www.reuters.com/article/marketsNews/idINN2450639520080724?rpc=44
XM Satellite Radio, Sirius agree to pay $19M in fines
http://albuquerque.bizjournals.com/albuquerque/stories/2008/07/21/daily29.html?ana=yfcpc
My posting is for my own entertainment, do your own DD before pushing your buy/call button
XM Satellite Radio sells $700 mln notes - IFR
NEW YORK, July 24 (Reuters) - XM Satellite Radio Inc, a unit of XM Satellite Holdings Inc (XMSR.O: Quote, Profile, Research, Stock Buzz), on Thursday sold $700 million of senior notes in the 144a private placement market, said International Financing Review.
The notes were priced to yield 16.00 percent and sold through lead managers JP Morgan, Morgan Stanley and UBS, said IFR. The notes mature Aug. 1, 2014, but in certain circumstances the maturity will be Aug. 1, 2013.
XM Satellite Radio is raising money to refinance debt in connection with its pending merger with Sirius Satellite Radio Inc (SIRI.O: Quote, Profile, Research, Stock Buzz). Earlier on Thursday, a majority of members of the Federal Communications Commission reached an agreement to conditionally approve the merger.
The notes will initially be issued by XM Escrow LLC and placed in escrow until completion of the merger.
The notes were priced with a 13 percent coupon at a discount of 89.93 cents on the dollar. The face amount of the notes was $778.5 million, up from an originally planned $400 million.
http://www.reuters.com/article/marketsNews/idINN2450639520080724?rpc=44
XM Satellite Radio, Sirius agree to pay $19M in fines
http://albuquerque.bizjournals.com/albuquerque/stories/2008/07/21/daily29.html?ana=yfcpc
My posting is for my own entertainment, do your own DD before pushing your buy/call button
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