SIRI » Topics » 8 3 / SIZE="1">4 % Convertible Subordinated Notes due 2009

This excerpt taken from the SIRI 10-K filed Mar 10, 2009.

8 3/SIZE="1">4% Convertible Subordinated Notes due 2009

FACE="Times New Roman" SIZE="2">In 1999, SIRIUS issued 8 3/4% Convertible Subordinated Notes due 2009 (the “8SIZE="1"> 3/4% Notes”). The 8 3/4FACE="Times New Roman" SIZE="2">% Notes are convertible, at the option of the holder, into shares of our common stock at any time at a conversion rate of 35.134 shares of common stock for each $1,000 principal amount, or $28.4625 per share of common
stock, subject to certain adjustments. The remaining balance of the 8 3/4% Notes matures on September 29, 2009 and interest
is payable semi-annually on March 29 and September 29 of each year. The obligations under the 8 3/4% Notes are not
secured by any of our assets.

 


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Table of Contents



SIRIUS XM RADIO INC. AND SUBSIDIARIES

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

(Dollar amounts in
thousands, unless otherwise stated)

 


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