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jel2maine

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jel2maine

Re: topdowg11 post# 4544

Tuesday, 07/16/2013 1:13:20 PM

Tuesday, July 16, 2013 1:13:20 PM

Post# of 4759
Allow me to translate:

If something were to happen, nothing can happen before the restrictive bond covenants that stop Sirius from making acquisitions over 3.5X EBITA are removed. The creation of "HoldCo" should get around that restriction & would allow Sirius to recapitalize & make purchases over 3.5X EBITA. Given this was disclosed as "hopefully weeks away" early June I guess "Sirius XM Holdings Inc" can happen any day now.
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