UPDATE 1-Sirius CEO 'confident' about debt refinancing

NEW YORK, Oct 14 (Reuters) - Sirius XM Radio (SIRI.O) Chief Executive Mel Karmazin is confident that the satellite radio company will be able to refinance its debt in spite of the troubled credit markets, he said on Tuesday.

"I believe that we will be able to refinance it," he said at the Dow Jones Media and Money conference in New York.

Sirius XM faces some $1.1 billion in debt in 2009. Of that, about $300 million comes due in February.

Karmazin had previously said the company was in talks to refinance that debt.

"I am confident that we will get that done," he said on Tuesday.

The wave of troubles in the finance markets and concerns about the looming debt payments have weighed on Sirius shares, which for the past few weeks have traded below $1.

The stock was down 1.9 percent at about 50 cents in morning Nasdaq trade. (Reporting by Franklin Paul; Editing by Lisa Von Ahn)