December 11, 2016 10:02 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: 61
President and Chief Content Officer
Age: 56
Chief Financial Officer and Executive Vice President
Age: 59
Executive Vice President of Operations, Products and Connected Vehicle
Age: 56
Principal Accounting Officer, Senior Vice President and Controller
Age: 50
Compensation as of Fiscal Year 2016.

Sirius XM Radio Inc. Key Developments

Sirius XM Radio Inc. to Redeem $650 Million of 5.875% Senior Notes Due 2020

Sirius XM Radio Inc., will redeem all of its outstanding 5.875% Senior Notes due 2020 (CUSIP: 82967N AQ1, U82764 AG3 and 82967N AR9; ISIN: US82967NAQ16, USU82764AG33 and US82967NAR98). As of August 25, 2016, $650,000,000 in aggregate principal amount of the 5.875% Notes were outstanding. SiriusXM intends to use cash on hand as well as the proceeds of a drawing under its revolving credit facility to fund the redemption.

Sirius XM Radio Inc. Issues $1.0 Billion Aggregate Principal Amount of 5.375% Senior Notes Due 2026

On May 23, 2016, Sirius XM Radio Inc. issued $1.0 billion aggregate principal amount of 5.375% Senior Notes due 2026. The Notes were sold to J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., SunTrust Robinson Humphrey Inc., Wells Fargo Securities, LLC, BMO Capital Markets Corp., BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., Mizuho Securities USA Inc., RBC Capital Markets, LLC, Mitsubishi UFJ Securities (USA) Inc., 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, 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 Notes are governed by an Indenture, dated as of May 23, 2016, among SiriusXM, the guarantors named therein and U.S. Bank National Association, as trustee.

Sirius XM Radio Inc. Prices Offering of $1 Billion of 5.375% Senior Notes Due 2026

Sirius XM Holdings announced that its subsidiary, Sirius XM Radio Inc., priced an offering of $1 billion of senior notes due 2026. The company will receive gross proceeds of $1 billion from the sale of the notes before deducting the initial purchasers' commissions and estimated offering fees and expenses. The company intends to use a portion of the net proceeds to repay all borrowings outstanding under its revolving credit facility. It will also use the remaining net proceeds from the offering for general corporate purposes, which may include the repayment, repurchase, redemption, defeasance or tender of its outstanding indebtedness, including any future borrowings under its revolving credit facility, dividends or loans to the company, its parent corporation, to fund share repurchases of the company common stock and the payment of the cash consideration for, and fees related to, the company’s previously announced recapitalization of Sirius XM Canada Holdings Inc.

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