debt
confidence high
sentiment neutral
materiality 0.50
SiriusXM prices tender offer for $1B 3.125% Senior Notes due 2026 at $994.64 per $1,000
SIRIUS XM HOLDINGS INC.
- Purchase price of $994.64 per $1,000 principal amount, plus accrued interest; fixed spread of 50 bps over 0.750% UST due 08/31/2026.
- Offer covers all $1B outstanding 3.125% Senior Notes due September 1, 2026; not conditioned on minimum tendered.
- Offer expires March 4, 2026; payment expected March 5, 2026; guaranteed delivery payment on March 9, 2026.
- Proceeds from a contemporaneous senior notes offering and cash on hand will fund purchases; remaining notes may be redeemed.