- Sirius XM Holdings Inc’s SIRI subsidiary, Sirius XM Radio Inc, plans to offer $1.5 billion of Senior Notes due 2028 in an institutional offering.
- The offering proceeds will be utilized to repay its 3.875% Senior Notes due 2022 and to repay, in part, its senior secured credit facility.
- Sirius’s long-term debt stood at $8.9 billion as of Mar. 31, 2021.
- Price action: SIRI shares traded higher by 1.62% at $6.58 in the market session on the last check Monday.
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