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Sirius XM | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC announcement ·  Jan 3 13:00
Summary by Futu AI
On December 29, 2023, Sirius XM Radio Inc., a subsidiary of Sirius XM Holdings Inc., amended its senior secured credit facilities through Amendment No. 8 with JPMorgan Chase Bank, N.A., acting as the administrative agent, alongside other agents and lenders. This amendment allows for the full $1.1 billion from the senior secured 364-day term loan bridge facility, as outlined in the commitment letter dated December 11, 2023, to be secured. The credit facilities are guaranteed by the Borrower's material domestic subsidiaries and are secured by a lien on nearly all of SiriusXM's assets and those of the Borrower's material domestic subsidiaries, with certain exceptions. The full details of Amendment No. 8 are included in Exhibit 10.1, which is filed with this report and incorporated by reference.
On December 29, 2023, Sirius XM Radio Inc., a subsidiary of Sirius XM Holdings Inc., amended its senior secured credit facilities through Amendment No. 8 with JPMorgan Chase Bank, N.A., acting as the administrative agent, alongside other agents and lenders. This amendment allows for the full $1.1 billion from the senior secured 364-day term loan bridge facility, as outlined in the commitment letter dated December 11, 2023, to be secured. The credit facilities are guaranteed by the Borrower's material domestic subsidiaries and are secured by a lien on nearly all of SiriusXM's assets and those of the Borrower's material domestic subsidiaries, with certain exceptions. The full details of Amendment No. 8 are included in Exhibit 10.1, which is filed with this report and incorporated by reference.
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