New Issue-Sirius XM Radio sells $257 mln in 6-yr notes

Thu Aug 13, 2009 4:31pm EDT 

  Aug 13 (Reuters) - Sirius XM Radio Inc (SIRI.O) on
Thursday sold $257 million of senior secured notes in the 144a
private placement market, said IFR, a Thomson Reuters service.
 JP Morgan was the sole bookrunning manager for the sale.
BORROWER: SIRIUS XM RADIO INC
AMT $257 MLN       COUPON 9.75 PCT    MATURITY 9/1/2015  
TYPE SR SEC NOTES  ISS PRICE 97.248   FIRST PAY 3/1/2010 
MOODY'S Caa2       YIELD 10.375 PCT   SETTLEMENT 8/24/2009
S&P B-PLUS         SPREAD 746 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A           MORE THAN TREAS   NON-CALLABLE 3 YEARS*
*MAKE-WHOLE CALL 50 BPS
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