XM Announces $125M Senior Secured Note Offering

By | June 3, 2003 | Uncategorized

XM Satellite Radio [Nasdaq: XMSR], a Washington, D.C.-based satellite radio provider, plans to sell $125 million principal amount in senior secured notes due 2010 to qualified institutional buyers. The notes will be guaranteed by parent company XM Satellite Radio Holdings. The interest rate and offering price will be determined by negotiations between XM and the initial purchaser of the notes.

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