SiriusXM Canada Closes Offering of C$200 Million 5.625% Senior Unsecured Notes and Issues Notice to Redeem 9.75% Senior Notes

SiriusXM Canada Closes Offering of C$200 Million 5.625% Senior Unsecured Notes 
and Issues Notice to Redeem 9.75% Senior Notes 
/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN 
THE UNITED STATES/ 
TORONTO, April 23, 2014 /CNW/ - Sirius XM Canada Holdings Inc. ("SiriusXM 
Canada" or the "Company") (TSX: XSR), parent of Sirius XM Canada Inc., today 
announced the closing of its previously announced private placement of 5.625% 
Senior Unsecured Notes due 2021 (the "Notes") with an aggregate principal 
amount of C$200 million (the "Offering"). The Company will use the net 
proceeds of the Offering to fund the redemption of all of the Company's 
C$130.8 million outstanding 9.75% senior notes due 2018 (the "Existing Notes") 
at a redemption price equal to approximately 107.9622% of the principal amount 
of the Existing Notes plus accrued and unpaid interest. A notice to redeem the 
Existing Notes has been provided to the indenture trustee with the redemption 
to occur on May 23, 2014. The remaining funds will be used for general 
corporate purposes, which may include a return of capital to shareholders, 
acquisition financing, reinvesting in the business or capital expenditures. 
The Company also announced that it has obtained a commitment, subject to 
customary closing conditions, for a C$35 million senior secured credit 
facility with National Bank Canada and The Toronto-Dominion Bank. The Company 
expects to close the senior secured credit facility on or after May 23, 2014 
following the redemption of the Existing Notes. 
The Company has recently received notices from some of its significant 
shareholders relating to the conversion of some of their Class B voting shares 
for Class A subordinate voting shares. The Company understands that these 
conversion notices were provided in response to the previously disclosed 
conversion by Canadian Broadcasting Corporation of all of its Class B voting 
shares for Class A subordinate voting shares. To update the market, the 
Company highlighted the following approximate voting and equity interest of 
its significant shareholders based on the conversion notices provided to the 
Company (which is subject to change): 
Sirius XM Radio Inc. (Voting: 25.0% and Equity: 37.0%) 
Obelysk Media Inc. (Voting: 19.4% and Equity: 12.5%) 
Slaight Communications Inc. (Voting: 19.4% and Equity: 12.4%) 
Canadian Broadcasting Corporation (Voting: 13.3% and Equity: 14.0%) 
This press release does not constitute an offer to sell or the solicitation of 
an offer to buy the Notes in any jurisdiction, nor shall there be any sale of 
these Notes in any jurisdiction in which such an offer, solicitation or sale 
would be unlawful prior to registration and qualification under the securities 
laws of any such jurisdiction. 
Forward-Looking Statements 
Certain statements included above may be forward-looking in nature. Such 
statements can be identified by the use of forward-looking terminology such as 
"expects," "may," "will," "should," "intend," "plan," or "anticipates" or the 
negative thereof or comparable terminology, or by discussions of strategy. 
Forward-looking statements include estimates, plans, expectations, opinions, 
forecasts, projections, targets, guidance, or other statements that are not 
statements of fact, including with respect to the payment of dividends in the 
future and future performance. Although SiriusXM Canada believes that the 
expectations reflected in such forward-looking statements are reasonable, it 
can give no assurance that such expectations will prove to have been correct, 
including the use of proceeds of the Offering, the redemption of Existing 
Notes, the closing of the senior credit facility and savings in connection 
with such Offering and redemption. SiriusXM Canada's forward-looking 
statements are expressly qualified in their entirety by this cautionary 
statement. SiriusXM Canada makes no commitment to revise or update any 
forward-looking statements in order to reflect events or circumstances after 
the date any such statement is made, except as required by applicable law. 
Additional information identifying risks and uncertainties is contained in 
Sirius XM Canada Holdings Inc.'s filings with the Canadian securities 
regulators, available at www.sedar.com. 
About SiriusXM Canada 
Sirius XM Canada Holdings Inc. (TSX: XSR) operates as SiriusXM Canada. 
SiriusXM Canada, with approximately 2.4 million subscribers, is one of the 
country's leading audio entertainment company and broadcasts more than 120 
satellite radio channels featuring premier sports, news, talk, entertainment 
and commercial-free music. SiriusXM Canada offers an array of content from the 
most recognized news and entertainment brands as well as every major sport 
including the NHL, NFL and MLB. 
SiriusXM programming is available on a variety of devices including 
pre-installed and after-market radios in cars, trucks and boats, smartphones 
and mobile devices, and consumer electronics products for homes and offices. 
SiriusXM programming is also available online at www.siriusxm.ca and on Apple 
and Android-powered mobile devices. 
SiriusXM Canada has partnerships with every major automaker and its radio 
products are available at more than 3,000 retail locations nationwide. To find 
out more about SiriusXM Canada (TSX: XSR), visit our website at 
www.siriusxm.ca.
 

SOURCE  SiriusXM Canada 
Morlan Reddock SiriusXM Canada 416-513-7418 morlan.reddock@siriusxm.ca 
Dave Mason TMX Equicom 416-815-0700 ext 237 dmason@tmxequicom.com 
To view this news release in HTML formatting, please use the following URL: 
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CO: SiriusXM Canada
ST: Ontario
NI: MUSIC RADIO NEWSTK  
-0- Apr/23/2014 14:16 GMT
 
 
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