XM Satellite Radio sells $700 mln notes - IFR
NEW YORK, July 24 (Reuters) - XM Satellite Radio Inc, a unit of XM Satellite Holdings Inc XMSR.O, on Thursday sold $700 million of senior notes in the 144a private placement market, said International Financing Review.
The notes were priced to yield 16.00 percent and were sold through lead managers JP Morgan, Morgan Stanley and UBS, said International Financing Review. The notes were priced with a 13 percent coupon at a discount of 89.93 cents on the dollar. The face amount of the notes was $778.5 million, up from an originally planned $400 million. (Reporting by Pam Niimi; Editing by James Dalgleish)
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