9-26-13
SiriusXM announced Wednesday that, on October 25, 2013 it will redeem all of its outstanding 7.625 percent senior notes due 2018. As of September 25, $539.5 million of the 7.625 percent notes remains outstanding. SiriusXM intends to use the proceeds from the issuance of $650 million aggregate principal amount of its 5.875 percent senior notes due 2020 to fund the redemption.
