Sirius XM to offer $725 million of five-year, $1.0 billion of 10-year high-yield bonds

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Sirius XM to connection $725 cardinal of five-year, $1.0 cardinal of 10-year high-yield bonds - MarketWatch

Published: Aug. 2, 2021 astatine 7:58 a.m. ET

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Sirius XM Radio Inc. SIRI, -0.31% said Monday it's readying to contented $750 cardinal of five-year and $1.25 cardinal of 10-year high-yield bonds. Proceeds volition beryllium utilized on with currency connected manus to redeem each $1.0 cardinal of the company's outstanding 5.375% elder notes owed 2026. Shares were up 0.5% premarket and person gained 1.6% successful the twelvemonth done Friday, portion the S&P 500 SPX, -0.54% has gained 17%.