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SIRIUSXM ANNOUNCES EXPIRATION AND RESULTS OF CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING 3.125% SENIOR NOTES DUE 2026
NEW YORK, March 5, 2026 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI) ("SiriusXM") announced today that the cash tender offer (the "Offer"),
About this update from Siriusxm Holdings Inc.
[{"type":"text","content":"NEW YORK, March 5, 2026 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI) (\"SiriusXM\") announced today that the cash tender offer (the \"Offer\"), commenced on February 26, 2026, by its subsidiary, Sirius XM Radio LLC (the \"Offeror\"), to purchase any and all of the Offeror's outstanding 3.125% Senior Notes due 2026 (the \"Notes\"), expired at 5:00 p.m. New York City time on March 4, 2026 (the \"Expiration Time\").\nAccording to Kroll Issuer Services (US), the tender and information agent for the Offer, valid tenders had been received at the expiration of the Offer in the amount and percentage set forth in the table below.Issuer Title of Security CUSIPNumbers(2) Principal Amount Outstanding Principal Amount Tendered Percentage of Principal Amount Tendered Purchase Price per $1,000 Principal Amount of NotesSirius XM Radio LLC 3.125% Senior Notes due 2026(1)82967NBL1, U82764AU2 and 82967NBN7$1,000,000,000$498,935,000 (3)49.89%(3)$994.64______________(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.(3)This amount excludes $70,634,000 aggregate principal amount of the Notes that remain subject to the guaranteed delivery procedures described in the offer to purchase and the related notice of guaranteed delivery.The Offeror expects to accept for purchase all Notes validly tendered and not validly withdrawn as of the Expiration Time and expects to make payment for any such Notes on March 5, 2026. The payment date for any Notes tendered pursuant to the guaranteed delivery procedures described in the offer to purchase and the related notice of guaranteed delivery is expected to be March 9, 2025.The Offeror will apply a portion of the proceeds from the issuance of $1,250.0 million aggregate principal amount of the Offeror's 5.875% senior notes due 2032 (the \"New Notes\"), which closed on March 4, 2026, to the payment for all Notes to be purchased in the Offer together with cash on the balance sheet.The Offer was made pursuant to the terms and subject to the conditions set forth in the offer to purchase a...