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BRIEF-Sirius XM Radio intends to offer $500 mln of senior notes due 2022 and $1 bln of senior notes due 2027
June 26, 2017 / 11:46 AM / 4 months ago

BRIEF-Sirius XM Radio intends to offer $500 mln of senior notes due 2022 and $1 bln of senior notes due 2027

June 26 (Reuters) - Sirius XM Holdings Inc

* Sirius XM Radio Inc. intends to offer $500 million of senior notes due 2022 and $1 billion of senior notes due 2027

* Sirius XM Holdings Inc - Sirius XM Radio Inc. intends to offer $500 million of senior notes due 2022 and $1 billion of senior notes due 2027

* Sirius XM - Intends to use net proceeds from offering, together with cash on hand, to redeem outstanding 4.25% senior notes due 2020

* Sirius XM Holdings Inc - Pending application of the amounts, company currently expects to maintain any excess amount as cash on hand

* Sirius XM Holdings-To use proceeds from offering to repay portion of $1 billion of net borrowings currently outstanding under revolving credit facility

* Sirius XM Holdings - Also, to use net proceeds from the offering, together with cash on hand, to redeem all of outstanding 5.75% senior notes due 2021 Source text for Eikon: Further company coverage:

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