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Article: Liberty Media Closes Investment in SIRIUS XM Radio.

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PR Newswire
Article date:
March 6, 2009
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SIRIUS XM and Lenders Agree to Extend Outstanding Loans Due in May

NEW YORK, March 6 /PRNewswire-FirstCall/ -- SIRIUS XM Radio Inc. and Liberty Media Corporation today announced the closing of the second, and final, phase of the previously announced investment by Liberty in SIRIUS XM.

Mel Karmazin, Chief Executive Officer of SIRIUS XM Radio, said, "We are excited to have closed the second and final phase of our investment agreement with Liberty Media. It is an example of the confidence our lenders and Liberty have in our business model. These transactions resolve all of the uncertainty surrounding the company's and its subsidiaries' debt maturing in ...

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