The company will offer $350 million of 4-year senior secured notes, it said in a SEC filing.
Sirius XM fought off bankruptcy earlier this year by taking a last-minute loan from Liberty Media and John Malone. Subscriber growth has recently slowed — including a subscriber loss in Q1 — in large part because of the thrashed U.S. car industry.
Business Insider Emails & Alerts
Site highlights each day to your inbox.