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Article: SIRIUS XM Radio and Liberty Media Reach Agreement for Investment.

Article from:
PR Newswire
Article date:
February 17, 2009
Copyright

Liberty Makes Loan to SIRIUS XM to Repay 2 1/2% Convertible Notes due February 17, 2009

Agreement Provides for Additional Loan

Liberty to Acquire SIRIUS XM Preferred Stock and Board Representation in Connection with Investments

NEW YORK and ENGLEWOOD, Colo., Feb. 17 /PRNewswire-FirstCall/ -- SIRIUS XM Radio Inc. and Liberty Media Corporation today announced that they have entered into agreements pursuant to which Liberty will invest an aggregate of $530 million in the form of loans to SIRIUS XM and its subsidiaries and receive an equity interest in SIRIUS XM.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )

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