Sirius Satellite Radio [SIRI] said the company raised $50 million from the sale of 2.5-percent convertible notes to Morgan Stanley & Co. Each $1,000 note will be convertible, at the option of the holder, into 226.7574 shares of Sirius common stock, at an effective price of $4.41 per share. Sirius said the proceeds of the sale would go toward general corporate purposes.
Sirius Raises $50 Million In Convertible Note Sale
Trending Now
-
Government/MilitaryPoland Commits Nearly $750M to Europe’s IRIS² Constellation
-
Government/MilitaryFCC Approves a New C-Band Auction
