SiriusXM to Retire $186 Million of Debt

                   SiriusXM to Retire $186 Million of Debt

Redeems Outstanding 9.75% Senior Secured Notes Due 2015

PR Newswire

NEW YORK, July 25, 2012

NEW YORK, July 25, 2012 /PRNewswire/ -- Sirius XM Radio (NASDAQ: SIRI)
announced today that, on September 1, 2012, it will redeem all of its
outstanding 9.75% Senior Secured Notes due 2015, CUSIP Nos. 82967NAA6,
82967NAB4, and U82764AA6, at a redemption price of 104.875% plus accrued
interest. As of July 25, 2012, $186,112,000 of the 9.75% Senior Secured Notes
due 2015 is outstanding.


"Our strong cash position and growing free cash flow profile have put us in a
position to retire these notes three years ahead of their maturity, at the
first available redemption date," said David Frear, Executive Vice President
and Chief Financial Officer, SiriusXM. "The early retirement of these notes
will reduce interest expense and eliminate the only remaining piece of secured
debt on our balance sheet."

This announcement is neither an offer to sell nor a solicitation to buy any of
these securities, and shall not constitute an offer, solicitation, or sale in
any jurisdiction in which such an offer, solicitation, or sale would be

About Sirius XM Radio

Sirius XM Radio Inc. is the world's largest radio broadcaster measured by
revenue and has more than 22 million subscribers. SiriusXM creates and
broadcasts commercial-free music; premier sports talk and live events; comedy;
news; exclusive talk and entertainment; and the most comprehensive Latin
music, sports and talk programming in radio. SiriusXM is available in vehicles
from every major car company in the U.S., from retailers nationwide, and
online at SiriusXM programming is also available through the
SiriusXM Internet Radio App for Android, Apple, and BlackBerry smartphones and
other connected devices. SiriusXM also holds a minority interest in SiriusXM
Canada which has more than 2 million subscribers.

This communication contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements
include, but are not limited to, statements about future financial and
operating results, our plans, objectives, expectations and intentions with
respect to future operations, products and services; and other statements
identified by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend," "plan,"
"projection," "outlook" or words of similar meaning. Such forward-looking
statements are based upon the current beliefs and expectations of our
management and are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are difficult to
predict and generally beyond our control. Actual results may differ
materially from the results anticipated in these forward-looking statements. 

The following factors, among others, could cause actual results to differ
materially from the anticipated results or other expectations expressed in the
forward-looking statements: our competitive position versus other forms of
audio entertainment; our dependence upon automakers; general economic
conditions; failure of our satellites, which, in most cases, are not insured;
our ability to attract and retain subscribers at a profitable level; royalties
we pay for music rights; the unfavorable outcome of pending or future
litigation; failure of third parties to perform; and our substantial
indebtedness. Additional factors that could cause our results to differ
materially from those described in the forward-looking statements can be found
in our Annual Report on Form 10-K for the year ended December 31, 2011, which
is filed with the Securities and Exchange Commission (the "SEC") and available
at the SEC's Internet site ( The information set forth
herein speaks only as of the date hereof, and we disclaim any intention or
obligation to update any forward looking statements as a result of
developments occurring after the date of this communication.

Follow SiriusXM on Twitter orlike the SiriusXM page on Facebook.


Contact Information for Investors and Financial Media:
Hooper Stevens
212 901 6718

Patrick Reilly
212 901 6646

SOURCE Sirius XM Radio Inc.

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