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jel2maine

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jel2maine

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Thursday, 09/19/2013 1:31:41 PM

Thursday, September 19, 2013 1:31:41 PM

Post# of 4759
FYI all this morning Sirius announced it would be refinancing/paying off the outstanding 7.625% senior notes due 2018. That was the last bit of debt outstanding with restrictive covenants attached to it. Once that's paid off IF we are linked to "Hold Co" this is one step closer if not the final step towards the creation of "Hold Co" going forward Sirius can now take on extra debt & make purchases over 3.5X EBITA.
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