XM Satellite Radio said that plans to issue $300 million of 1.75-percent convertible senior notes due 2009, and it has granted the initial purchaser of the notes the option to purchase as much as $100 million aggregate principal amount of the notes. The notes are non-callable and will be convertible into XM Class A Common Stock at an initial conversion rate of 20 shares per $1,000 principal amount of the notes. The initial purchaser was not immediately disclosed. XM said the proceeds would be used for working capital and for general corporate purposes.
Unnamed Investor Buys XM Convertible Notes
Japan’s Space Sector, a Study in Innovation
In this edition of Via Satellite we want to take you on a journey across the globe as we look at the impact of satellite communications in a number of key countries […]
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Government/MilitaryUS Officials See Proposed European Union Space Act as Complicated Overreach
