SiriusXM Continues To Pile On Debt

SiriusXM Holdings (NASDAQ:SIRI) has announced that it will be issuing $0.5 billion of 5-year and $1 billion of 10-year Senior Notes to qualified institutional buyers.

The funds, along with cash on hand, will be used to redeem the company's $0.5 billion of 4.25% Senior Notes due 2020 and its $0.6 billion of 5.75% Senior Notes due 2021. Standard & Poor's assigned (email login required):

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