SiriusXM amends credit agreement to allow $1.1B secured bridge facility

SIRIUS XM HOLDINGS INC.

Amendment No. 8 to credit agreement permits $1.1 billion senior secured 364-day bridge loan (Space Bridge Facility).
Bridge facility is secured by substantially all assets of SiriusXM and material domestic subsidiaries.
Amendment executed with JPMorgan, Morgan Stanley, Bank of America, and others; effective December 29, 2023.
Obligations under credit agreement remain guaranteed by material domestic subsidiaries.
No default or event of default existed as of the amendment date.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SIRIUS XM HOLDINGS INC. amended Credit Agreement with JPMorgan Chase Bank, N.A., as the administrative agent, and other agents and lenders (effective 2023-12-29).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as the administrative agent, and other agents and lenders
Effective: 2023-12-29

Exact text from the filing

On December 29, 2023, Sirius XM Radio Inc. (the “Borrower”), a wholly owned subsidiary of Sirius XM Holdings Inc. (“SiriusXM”), entered into an amendment (“Amendment No. 8”) to its existing senior secured credit facilities with JPMorgan Chase Bank, N.A., as the administrative agent, and other agents and lenders (the “Credit Agreement”).

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Source: SEC EDGAR

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