Sirius XM Raises $350 Million Debt Financing To Pay Off Debt

Amit Chowdhry | Monday June 22, 2009 | 841 views| 1 Comment
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Sirius XM Radio Inc. (NASDAQ:SIRI) created a new iPhone application to try to get new business last May.  Now Sirius is attempting to raise $350 million debt financing through 4 year senior secured notes according to an SEC filing.  Sirius needs money to pay off debt.  This past February Liberty Media Corporation invested $530 million to keep Sirius afloat instead of filing bankruptcy.

[via BusinessInsider]

Related posts:

  1. Sirius CEO Mel Karmazin May Be Kicked Out If Company Goes Bankrupt
  2. Sirius Is Saved For Now: Liberty Media Invests $530 Million For 40% Ownership
  3. Sirius XM Plan To Launch An iPhone App
  4. Sirius XM In The Midst Of Possible Bankruptcy
  5. Details About The Sirius-XM iPhone Application


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