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XM to Raise Another $125 Million

XM to Raise Another $125 Million

XM Satellite Radio intends to sell $125 million principal amount of Senior Secured Notes due 2010 to qualified institutional buyers.
The notes will be guaranteed by XM Satellite Radio Holdings Inc., parent of XM Satellite Radio Inc. The interest rate and offering price are to be determined by negotiations between XM and the initial purchaser of the notes.