AGIA

Sirius XM 2009 Debt Is a Non Issue for Investors

I went to the Sirius Conference call and obtained the following information at about the 12:00 minute mark:

$300mm $4.41 converts due 2/09
$350mm Bank Debt due 5/09
$400mm converts due 12/09

With this being over $1 Billon in debt that is coming due I would have to think it will be a very important issue if credit markets deterioate.

Sirius XM 2009 Debt Is a Non Issue for Investors

Brandon, if you will listen to Sirius Conference Call you will here Mel address this particular issue. He spells out in detail the amount and dates that 2009 debt will be due. His comment about this issue is that hopefully the debt markets will have improved by the time these outstanding obligations become due.

Status Report: XM Satellite Radio, Sirius

Any idea where CNBC got the comment on merger by Chairman Martin?