Sirius XM Offers $250 Million Of Debt To Pay Off Liberty
-
Comments (View)
- Text Size: A A
-
Email
-
Share
Sirius XM Radio (NSDQ: SIRI) is offering $250 million of debt, in order to pay off money it owes Liberty Media (NSDQ: LINTA), which saved the satellite radio firm from bankruptcy in February by making a big investment in the company. It’s the second time in two months that Sirius XM has made a debt offering. The company’s XM Satellite radio unit offered $350 million in debt in June; that debt sale was subsequently raised to $525 million because of high demand.
Sirius XM continues to lose money, although its quarterly results were better than expected. S&P upgraded Sirius XM’s debt Thursday, according to 24/7 Wall Street, in part because of improvements in its operating performance.
Posted In: Media & Publishing, Radio, Money
VOD Movies (RENTRAK)
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: