$210 Million Offering For Sirius

Sirius Satellite Radio priced a public offering of common stock that raised more than $210 million in gross proceeds. Lehman Brothers is underwriting the transaction. Sirius will sell 10 million shares of its common stock to the public at $21 per share. The offering is expected to close Thursday, March 1.
When the sale is completed, Sirius should have enough money to operate its business through the middle of 2002.