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Sirius XM Radio proposes $1B debt offering

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Sirius XM Radio proposes $1B debt offering

Sirius XM Radio Inc. proposed a $1 billion offering of senior notes due 2029.

The Sirius XM Holdings Inc. unit intends to use the net proceeds from the offering initially to repay a portion of the borrowings outstanding under its $1.75 billion senior secured revolving credit facility due 2023.