[Satellite TODAY 08-14-09] Sirius XM Radio has offered $250 million in senior secured notes due 2015, in an attempt to raise funds, the company announced Aug. 13.
    The company said it would use the net proceeds from the offering to repay certain indebtedness incurred under its credit agreement with Liberty Media Corp, which issued $530 million in loans to Sirius XM to save the company from bankruptcy in February.
    This is the second debt offering from Sirius XM this year. In June, the company offered $525 in senior notes to qualified investors, upgrading from an initial offering of $350 million.

Related Stories-

Sirius XM Hikes Up Price of Senior Note Offering to $525 Million [Satellite Today 06-26-09]
Sirius XM Receieves Second Phase of Funding from Liberty Media, Extends Credit [Satellite Today 03-09-09]
Liberty Media Outmanuvers EchoStar to Save Sirius XM [Satellite News 02-17-09]