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

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