XMSR Announces Results of Tender Offer
May 12, 2006
XM Satellite Radio Announces Results of Tender Offer
(PR Newswire 05/12 12:38:44)
WASHINGTON, May 12 /PRNewswire-FirstCall/ --
XM Satellite Radio HoldingsInc. (Nasdaq: XMSR) announced today the completion of its tender offer with respect to its outstanding secured notes. XM purchased a total ofapproximately $110.8 million of the 14% Senior Secured Discount Notes due 2009, representing approximately 59.4% of the total principal amount of 14% Notes, $99.7 million of the 12% Senior Secured Notes due 2010, representing approximately 99.7% of the total principal amount of the 12% Notes, and $182.9million of Senior Secured Floating Rate Notes due 2009, representing approximately 91.5% of the total principal amount of Floating Rate Notes.
The offer expired at midnight, New York City time, on May 10, 2006. The cash used to purchase the notes came from proceeds of XM's recent offering of unsecuredfixed and floating rate notes, due 2014 and 2013, respectively.
Contact Information:Chance Patterson, VP, Corporate Affairs
XM Satellite Radio Holdings Inc., +1-202-380-4318,
Chance.patterson@xmradio.comWebSite:
http://www.xmradio.com/5/12/2006 12:42:00 PM
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