Current Issue:



CURRENT ISSUE
On The Cover:
Bob Pittman & Richard Bressler





Click here to subscribe to Radio Ink.






Radio Ink Writers


















SiriusXM to Retire $186 Million of Debt Early

7-25-2012

SiriusXM announced Thursday that on September 1st it will redeem all of its outstanding 9.75% Senior Secured Notes due in 2015. CFO David Frear said, "Our strong cash position and growing free cash flow profile have put us in a position to retire these notes three years ahead of their maturity, at the first available redemption date. The early retirement of these notes will reduce interest expense and eliminate the only remaining piece of secured debt on our balance sheet."



Add a Comment

 

Send This Story To A Friend

Images From Forecast 2015
November 19, 2014 in New York. Click anywhere on an image to advance to the next.

Get the flash player here: http://www.adobe.com/flashplayer



 
Advertisements

Advertisements