Sirius Raises $321 Million In Stock, Convertible Note Offering

By | October 13, 2004 | Uncategorized

Sirius Satellite Radio [SIRI] today raised approximately $321 million through an offering of common stock and convertible notes. The amount includes net proceeds received as a result of the exercise by Morgan Stanley & Co. Inc., the underwriter, of its option to purchase as much as $30 million in principle amount of the convertible notes.

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