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Sirius XM Radio Inc Announces $1.25 Billion Revolving Credit Facility

Wednesday, 5 Dec 2012 11:25am EST 

Sirius XM Radio Inc announced that it has entered into a new $1.25 billion five-year senior secured revolving credit facility with a syndicate of banks and other financial institutions. The new facility is secured by substantially all the assets of the Company and its subsidiaries and was not drawn upon at closing. The Company will use borrowings under its facility for working capital and other general corporate purposes, including without limitation, share repurchases, dividends and the financing of acquisitions. 

Company Quote

0.029 +0.86%
10:02am EDT