Wednesday, November 08, 2006

XM Prices Offer Of Premium For Conversion Of Discount Convertible Notes

XM Satellite Radio Holdings Inc. Prices Offer of Premium for Conversion of 10% Senior Secured Discount Convertible Notes
Wednesday November 8, 5:30 pm ET

XM Satellite Radio Holdings Inc. (Nasdaq: XMSR - News) announced today the pricing of its offer of premium for conversion of its 10% Senior Secured Discount Convertible Notes due 2009 and consent solicitation. The offer and consent solicitation will expire at 12:00 midnight New York City time, on November 10, 2006, unless extended.
The number of shares of our Class A common stock to be issued in payment of the premium that we will pay for conversion of each $1,000 aggregate principal amount at maturity of the 10% Notes is 25.48, which equals the premium amount of $320.80, as set forth in the Offer of Premium, divided by $12.59, which is the average closing price of our Class A common stock for the five-day period ending on November 8, 2006....read more: