XM Satellite Radio Reaches Agreement with Holders of a Majority of Outstanding 9.75% Senior Notes Due 2014
XM Satellite Radio Holdings Inc., the nation’s leading satellite radio company, today announced that it had entered into a written agreement with holders of a majority of XM Satellite Radio Inc.’s outstanding 9.75% Senior Notes due 2014. Pursuant to the agreement, these holders have agreed to waive XM’s change of control repurchase obligation of the 9.75% Notes with respect to the consummation of the previously announced merger of XM Satellite Radio and Sirius Satellite Radio Inc. Pursua
Original post by Mining Top News - Mining and Exploration Industry News