Sirius XM Radio Delivers Yet Again With Bond Refinancing
Sirius XM Radio (NASDAQ:SIRI) announced today its intent to sell 550 million in a new bond offering. They intend to use the money to pay off a bond note due in 2013 for 500 million dollars, with the remaining cash to be used to pay off expenses, and to strengthen their cash position.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
