Strong Demand Drives SIRIUS Cash Raising Efforts (SIRI)

[24/7 Wall St.]

24/7 Wall St. Daily News

SIRIUS XM Radio Inc. (NASDAQ: SIRI) has raised more cash in the XM Satellite Radio Inc. unit than it originally projected.* We were looking for a raise of some $350 million, but the newly priced offering was for a face value amount of $525,750,000.00.* The reason is “strong investor demand.”Again, these are ‘144A’ and ‘Reg. [...]

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