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Netman

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Netman

Re: None

Tuesday, 02/17/2009 7:40:28 PM

Tuesday, February 17, 2009 7:40:28 PM

Post# of 23113
Sirius XM Soars on Liberty Media Rescue

http://www.thestreet.com/_yahoo/story/10464186/1/sirius-xm-soars-on-liberty-media-rescue.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

The deal -- news of which sent shares soaring more than 50% -- has two phases. The first installment is an immediate $280 million secured loan to pay off a $171.6 million obligation that was due Tuesday. The remaining money will be used to keep Sirius operating and to cover transaction costs. The second stage of the Liberty investment calls for another $150 million loan to XM Satellite Radio, with an agreement to buy $100 million in XM loans outstanding.

Netman - 16K @ 11.9 cents

uWink - uWait - Netman

I base my personal decisions on my own DD, research, evaluation, constant re-evaluation, insight and information. Everyone should do their own DD, and constantly evaluate their own conclusions IMO.

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