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XM Satellite Radio is a broadcaster of music, sports, news, talk, entertainment, traffic, and weather channels through its satellite radio system in the US.
Deal Value (US$ Million) 350 Deal Type Private Placement Sub-Category None Deal Status Announced: 2009-06-22
Deal Participants
Target (Company) XM Satellite Radio, Inc. Acquirer (Company) Undisclosed Investors
Deal Rationale
XM Satellite Radio intends to use the net proceeds from the offering to repay all amounts outstanding under its amended and restated credit agreement and for general corporate purposes.
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