Sirius Satellite Radio is looking to raise more money; it announced an offering of $250 million in Senior Notes due 2015 to qualified institutional buyers.
The company says it has enough cash on hand to cover its needs through a breakeven point, which it expects in 2007. It intends to use about $63 million of the proceeds from the offering to redeem outstanding debt due in 2007 and 2009. The rest will be used in part for general corporate purposes.
Sirius Looks to Raise Cash
Sirius Looks to Raise Cash
