Guessed that the conversations with DirecTV loan were not, after all, not so useless? Satcaster ' s of the parents, the freedom of means, finishes taking a step to save to Sirius XM claws from the bankruptcy, with a raft of rescue of $ 530 million that will use the payments to settle the obligations of the debt and to maintain the operations hum. The freedom to write a check immediately $ 280 million, including U.S. $ 171 million go away right to the indebted ones. Another round of financing (by the sum of 250 million dollars) will be available from Sirius XM; to help to pay its debts and to avoid a possible change of management of Charlie Ergene Sirius' of DISH Network.
"In is exchange for this vigorous favor recognition, the means of the freedom own 12.5 million action of preferred stocks in Sirius XM, that can turn the values common if they decide therefore it. Also of the note, the founder John Malone and Greg Maffei, CEO of the freedom of means tends to be united to Sirius XM “advice of administration of San That is a collective signal of aid that we finished listening, or what?
Via Denver Business Journal [Thanks, Michael]
Via Denver Business Journal [Thanks, Michael]
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