SiriusXM Subsidiary Closes $1.25 Billion Senior Notes Offering to Refinance Debt

Sirius XM Holdings Inc.'s subsidiary, Sirius XM Radio LLC, has issued $1.25 billion in aggregate principal amount of 5.875% Senior Notes due 2032. The company intends to use the net proceeds, along with cash on hand, to repurchase and/or redeem its outstanding 3.125% Senior Notes due 2026 and a portion of its 5.000% Senior Notes due 2027.

Key Details

• Offering Details: The offering consists of $1,250,000,000 aggregate principal amount of 5.875% Senior Notes due 2032, issued on March 4, 2026.
• Terms: The notes will mature on April 15, 2032. Interest is payable semi-annually at a rate of 5.875% per annum, commencing October 15, 2026.
• Use of Proceeds: The proceeds will fund a tender offer and/or redemption for all of its outstanding 3.125% Senior Notes due 2026 (approx. $1.0 billion outstanding) and redeem $250.0 million of its 5.000% Senior Notes due 2027.