SIRIUSXM ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING 3.125% SENIOR NOTES DUE 2026

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[{"type":"text","content":"NEW YORK, Feb. 26, 2026 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI) (\"SiriusXM\") announced today that its subsidiary, Sirius XM Radio LLC (the \"Offeror\"), has commenced a cash tender offer (the \"Offer\") to purchase any and all of the Offeror's outstanding 3.125% Senior Notes due 2026 (the \"Notes\"). The Offer is made pursuant to an Offer to Purchase and a related Notice of Guaranteed Delivery, each dated February 26, 2026, which set forth the complete terms and conditions of the Offer.\nCertain information regarding the Notes and the terms of the Offer is summarized in the table below.IssuerTitle of SecurityCUSIPNumbers(2)Principal Amount OutstandingU.S. Treasury Reference SecurityBloomberg Reference PageFixed Spread (basis points)Sirius XM Radio LLC 3.125% Senior Notes due 2026(1)82967NBL1, U82764AU2 and 82967NBN7$1,000,000,0000.750% U.S. Treasury due08/31/2026 FIT 3 +50 bps(1)The Notes are currently callable at a redemption price of 100.000% of the principal amount thereof, plus accrued and unpaid interest and mature on September 1, 2026.(2)No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this press release or printed on the Notes. They are provided solely for the convenience of holders of the Notes.The purchase price for each $1,000 principal amount of Notes validly tendered (the \"Purchase Price\"), and not validly withdrawn, and accepted for purchase pursuant to the Offer will be determined in the manner described in the Offer to Purchase. This determination will be made by reference to the fixed spread specified above, plus the yield to maturity based on the bid-side price of the U.S. Treasury Reference Security specified above, as quoted on the Bloomberg Bond Trader FIT 3 series of pages at 10:00 a.m., New York City time, on March 4, 2026, the date on which the Offer is currently scheduled to expire. The Purchase Price will be calculated based on a yield to September 1, 2026, the maturity date of the Notes, as described in the Offer to Purchase.In addition to the Purchase Price, holders whose Notes are purchased pursuant to the Offer will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the initial payment date for the Offer, which is expected to be March 5, 2026, assuming the Offer is not extended or ...

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