Sirius XM Radio Inc. (SIRI) said Thursday that it plans to offer $500 million of Senior Notes due 2020 to qualified institutional buyers.
The company said it plans to use the net proceeds from any such offering for general corporate purposes, which may include, from time to time and as market conditions warrant, share repurchases and the repurchase, redemption, defeasance, tender or repayment of its outstanding indebtedness, including any borrowings outstanding under our revolving credit facility.
Pending application of the amounts for such purposes, the company currently expect to maintain any excess amount as cash on hand.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.