October 22, 2017 10:26 AM ET

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Company Overview of Sirius XM Radio Inc.

Company Overview

Sirius XM Radio Inc. provides radio broadcasting services in the United States and Canada. It creates and offers commercial-free music; sports and live events; news and comedy; exclusive talk and entertainment; and various Latin commercial-free music, sports, and talk programming. The company also offers its service online at siriusxm.com. The company also offers telematics and connected vehicles solutions to automotive manufacturers. In addition, it provides traffic, weather, data, and information services for subscribers; and weather, data, and information services to aircraft and boats. The company was incorporated in 1990 and is based in New York, New York. Sirius XM Radio Inc. operates ...

1221 Avenue of the Americas

36th Floor

New York, NY 10020

United States

Founded in 1990

Phone:

212-584-5100

Fax:

212-584-5200

Key Executives for Sirius XM Radio Inc.

Chief Executive Officer and Director
Age: 62
President and Chief Content Officer
Age: 57
Chief Financial Officer and Executive Vice President
Age: 60
Executive Vice President of Operations, Products and Connected Vehicle
Age: 57
Principal Accounting Officer, Senior Vice President and Controller
Age: 51
Compensation as of Fiscal Year 2017.

Sirius XM Radio Inc. Key Developments

Sirius XM Radio Inc. Presents at Deutsche Bank’s 25th Annual Leveraged Finance Conference, Oct-02-2017

Sirius XM Radio Inc. Presents at Deutsche Bank’s 25th Annual Leveraged Finance Conference, Oct-02-2017 . Venue: The Phoenician, 6000 East Camelback Road, Scottsdale, Arizona, United States. Speakers: David J. Frear, Chief Financial Officer and Executive Vice President, Hooper Steven, VP, Investor Relations & Finance, William Prip, Sr Vice President Treasurer.

Sirius XM Radio Inc. Intends to Offer an Additional $250 Million of its 3.875% Senior Notes Due 2022 and an Additional $250 Million of its 5.000% Senior Notes Due 2027

Sirius XM Radio Inc. intends to offer an additional $250 million aggregate principal amount of its 3.875% Senior Notes due 2022 and an additional $250 million aggregate principal amount of its 5.000% Senior Notes due 2027 as an add-on to the existing series of those notes currently outstanding.  The notes will be issued to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S of the Securities Act. The company intends to use the net proceeds from this offering to redeem all of its outstanding 5.25% Senior Secured Notes due 2022 (the ‘5.25% Secured Notes’) and to repay a portion of the borrowings outstanding under its revolving credit facility.  Pending application of these amounts, the company currently expects to maintain any excess amount as cash on hand. As of June 30, 2017, the company had $400 million in aggregate principal amount of 5.25% Secured Notes outstanding.  The 5.25% Secured Notes are redeemable on and after August 15, 2017 at 102.625% of the principal amount thereof, plus accrued and unpaid interest.

Sirius XM Radio Inc. Issues $750 Million Aggregate Principal Amount of 3.875% Senior Notes Due 2022 and $1.250 Billion Aggregate Principal Amount of 5.000% Senior Notes Due 2027

On July 5, 2017, Sirius XM Radio Inc. (SiriusXM) issued $750 million aggregate principal amount of 3.875% Senior Notes due 2022 (the 2022 Notes) and $1.250 billion aggregate principal amount of 5.000% Senior Notes due 2027 (the 2027 Notes and together with the 2022 Notes, the Notes). The Notes were sold to J.P. Morgan Securities LLC, Barclays Capital Inc., Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, BMO Capital Markets Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, SunTrust Robinson Humphrey Inc., Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., Mizuho Securities USA LLC, Scotia Capital (USA) Inc. and U.S. Bancorp Investments Inc. The Notes were resold to certain non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended (the Securities Act), and to qualified institutional buyers pursuant to Rule 144A under the Securities Act at a purchase price equal to 100% of their principal amount. The terms of the 2022 Notes are governed by an Indenture, dated as of July 5, 2017, among SiriusXM, the guarantors named therein and U.S. Bank National Association, as trustee (the 2022 Indenture), and the terms of the 2027 Notes are governed by an Indenture, dated as of July 5, 2017, among SiriusXM, the guarantors named therein and U.S. Bank National Association, as trustee (the 2027 Indenture and together with the 2022 Indenture, the Indentures). Interest on the 2022 Notes is payable semi-annually in arrears on February 1 and August 1 at a rate of 3.875% per annum, commencing on February 1, 2018. The 2022 Notes will mature on August 1, 2022. Interest on the 2027 Notes is payable semi-annually in arrears on February 1 and August 1 at a rate of 5.000% per annum, commencing on February 1, 2018. The 2027 Notes will mature on August 1, 2027.

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