SiriusXM Prices Upsized $1.25 Billion Senior Notes Offering Due 2032

Sirius XM Holdings Inc. announced its subsidiary, Sirius XM Radio LLC, priced an upsized offering of $1.25 billion in senior notes. The net proceeds will be used primarily to refinance existing debt, including purchasing or redeeming its 3.125% Senior Notes due 2026 and a portion of its 5.000% Senior Notes due 2027.

Key Details

• Offering Details: $1,250,000,000 aggregate principal amount of 5.875% Senior Notes due 2032. The offering was increased by $250 million.
• Use of Proceeds: Funds will be used to purchase, redeem, or discharge all of its 3.125% Senior Notes due 2026 and redeem $250 million of its 5.000% Senior Notes due 2027.
• Timeline: The offering is expected to close on March 4, 2026, subject to customary closing conditions.