Sirius XM Holdings Inc. has announced that its subsidiary, Sirius XM Radio LLC, intends to offer $1,000,000,000 of senior notes due 2032. The net proceeds from this offering, combined with cash on hand, will be used to purchase any and all of its 3.125% senior notes due 2026 that are validly tendered and not withdrawn, as part of a concurrent cash tender offer.
As of December 31, 2025, there were $1,000,000,000 aggregate principal amount of 3.125% notes outstanding. The 3.125% notes are currently redeemable at a redemption price of 100.000% of the principal amount plus accrued and unpaid interest to the redemption date.
The securities being offered have not been registered under the securities act and may not be offered or sold in the United States absent registration or an applicable exemption.
In terms of the company's financial performance, Sirius XM Holdings Inc. is a leading audio entertainment company in North America, reaching approximately 170 million listeners monthly. The company offers a broad range of content, including a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. As a result of these announcements, the company's shares have moved -2.2% on the market, and are now trading at a price of $20.45. For more information, read the company's full 8-K submission here.
