Simpson Thacher Represents Sirius XM Radio Inc. in $650 Million Senior Notes Offering
09.25.13
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Simpson Thacher represented Sirius XM Radio Inc. (“SiriusXM”) in connection with its offering of $650 million aggregate principal amount of 5.875% Senior Notes due 2020 in reliance on Rule 144A and Regulation S. SiriusXM intends to use the net proceeds of this offering to redeem its outstanding 7.625% Senior Notes due 2018.
SiriusXM (Nasdaq: SIRI) is the world's largest radio broadcaster measured by revenue and has more than 25 million subscribers. SiriusXM creates and broadcasts commercial-free music, premier sports talk and live events, comedy, news, exclusive talk and entertainment, and the most comprehensive Latin music, sports and talk programming in radio.
The Simpson Thacher team for the transaction included Gary Sellers, Andy Keller, Lauren Yoon, Lia Toback and William Allen (Capital Markets); Jonathan Cantor and Chang Won Choi (Tax); and Jamin Koslowe (Executive Compensation and Employee Benefits).