Sirius XM Added to NASDAQ Q-50/Refi 800 Million in Restricting Debt
By Relmor Demitrius - Sirius XM Radio (NASDAQ:SIRI) had a slew of news hit the newswires on Friday. They were added to the NASDAQ Q-50 indext and refinanced 800 million in restrictive debt. First news reported was that Sirius XM was offering 550 million dollars in notes that would be used to repay their 2005 500 million dollar bond issue, at 9 5/8%.
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