Sirius XM adds $1.1B delayed draw term loan to credit facility, tied to pending merger

SIRIUS XM HOLDINGS INC.

Amendment No. 9 adds $1.1B delayed draw incremental term loan to existing credit agreement.
Loan available in up to three drawings until December 31, 2024, subject to conditions.
Designated as a Limited Condition Transaction for the Liberty Media Merger and Splitoff.
Existing $1.75B revolver and $500M term loan remain unchanged.
Obligations continue secured by substantially all assets of Sirius XM and material domestic subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

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

SIRIUS XM HOLDINGS INC. amended Amendment No. 9 with JPMorgan Chase Bank, N.A. and other agents and lenders (effective 2024-01-26).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A. and other agents and lenders
Effective: 2024-01-26

Exact text from the filing

On January 26, 2024, Sirius XM Radio Inc. (“Sirius XM”), our subsidiary, entered into an amendment (“Amendment No. 9”) to its existing credit agreement 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

accession 0000930413-24-000434

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