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XM Tweaks Finances to Lower Debt Costs - Radio World

XM Tweaks Finances to Lower Debt Costs

XM Tweaks Finances to Lower Debt Costs
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XM said it will enjoy lower interest expenses and longer maturity dates on its debt, after it announced refinancing transactions in which it will replace higher interest rate debt with lower interest debt, and establish a revolving credit facility with a group of financial institutions.
It said the credit line will provide approximately $230 million of incremental liquidity.

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