SIRI · Sirius XM Holdings Inc.

Summary

Sirius XM Holdings Inc. announced the pricing terms of its subsidiary Sirius XM Radio LLC's cash tender offer to purchase any and all of its outstanding 3.125% Senior Notes due 2026 at $994.64 per $1,000 principal amount. The offer expires March 4, 2026, with payment expected March 5, 2026, funded by a contemporaneous senior notes offering and cash on hand.

Key takeaways

• Sirius XM Radio LLC tender offer for any and all 3.125% Senior Notes due 2026 (CUSIP: 82967NBL1, U82764AU2, 82967NBN7)
• Principal amount outstanding: $1,000,000,000
• Purchase price: $994.64 per $1,000 principal
• Expiration time: 5:00 p.m. ET on March 4, 2026
• Initial payment date: March 5, 2026 (March 9 for guaranteed delivery)
• Funding: proceeds from senior notes offering and cash on balance sheet