/
06.06.2003
XM's Subscriber Base Grows
XM Satellite Radio now has 600,000 subscribers, up about 100,000 as of mid-April. The information was contained in a regulatory filing. Also in the Securities and Exchange Commission filing, XM said it raised $30.4 million between April 1 and May 6 through a direct stock purchase program and issued shares of Class A common stock to eliminate $49.5 million of debt.

The satcaster intends to sell $125 million principal amount of Senior Secured Notes Due 2010 to qualified institutional buyers. XM and the first buyer will set the offering price and interest rate.

Sirius recently set a price of $1.80 per-share price of 75 million common shares.



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found





Wall Street Communications /  Thursday 1:45PM
Wohler Provides Custom Monitoring Solution to France Télévisions
D. Pagan Communications /  Wednesday 4:03PM
APPEAR TV DEMONSTRATES MODULAR HEADEND TECHNOLOGIES AT ABTA 2014

 
Featured Articles
Discover TV Technology