The Firm represented Sirius XM Radio Inc., a subsidiary of Sirius XM Holdings Inc. (NASDAQ: SIRI) (“SiriusXM”), in connection with entering into an amendment to its existing $1.75 billion senior secured revolving credit facility. The amendment, among other things, extends the maturity of the existing facility to August 31, 2026.
Sirius XM is the leading audio entertainment company in North America, and the premier programmer and platform for subscription and digital advertising-supported audio products. SiriusXM’s platforms collectively reach approximately 150 million listeners, the largest digital audio audience across paid and free tiers in North America, and deliver music, sports, talk, news, comedy, entertainment and podcasts.
The Simpson Thacher team included Brian Steinhardt, Michael Vernace and Alejandro Sueldo (Banking & Credit); Lia Toback and Catherine Ciriello (Capital Markets); and Jonathan Cantor (Tax).