---
schema_version: "secwatch.filing_event.v1"
accession: "0000930413-23-002604"
form_type: "8-K"
ticker: "SIRI"
cik: "0000908937"
company_name: "SIRIUS XM HOLDINGS INC."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:52:59.322752+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sirius XM enters definitive agreements for split-off and merger with Liberty Sirius XM Group

## Summary
- Liberty Media to split off New Sirius, which will merge with Sirius XM; each SIRI share converts to one share of New Sirius.
- New Sirius will hold Liberty's ~84% stake in Sirius XM, cash, convertible notes, exchangeable debentures, and a margin loan.
- Malone stockholders (approx. 48% voting power) agree to vote in favor of the split-off via Voting Agreement.
- $1.1B senior secured 364-day bridge facility committed by Morgan Stanley, BofA, and JPMorgan to refinance certain Liberty debt and pay fees.
- Closing conditions include LSXMA/B stockholder vote, antitrust/communications approvals, tax opinions; target close by Nov 15, 2024.

## SEC filing metadata
- accession: 0000930413-23-002604
- form_type: 8-K
- ticker: SIRI
- cik: 0000908937
- company_name: SIRIUS XM HOLDINGS INC.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908937/000093041323002604/0000930413-23-002604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908937/000093041323002604/c107473_8k-ixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930413-23-002604
- JSON: https://secwatch.observer/filing/0000930413-23-002604.json
- Plain text: https://secwatch.observer/filing/0000930413-23-002604.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.