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IN THE UNITED STATES/
TORONTO, May 27, 2014 /CNW/ - Sirius XM Canada Holdings Inc. ("SiriusXM
Canada" or the "Company") (TSX: XSR), parent of Sirius XM Canada Inc.,
today announced the completion of its redemption of all of the
Company's C$130.8 million outstanding 9.75% senior notes due 2018 (the "Existing Notes")
at a redemption price equal to approximately 107.9616% of the principal
amount of the Existing Notes plus accrued and unpaid interest.
The Company also announced the completion of its C$35 million senior
secured credit facility with National Bank Canada and The
About SiriusXM Canada
Sirius XM Canada Holdings Inc. (TSX: XSR) operates as SiriusXM Canada.
SiriusXM Canada, with approximately 2.4 million subscribers, is one of
the country's leading audio entertainment company and broadcasts more
than 120 satellite radio channels featuring premier sports, news, talk,
entertainment and commercial-free music. SiriusXM Canada offers an
array of content from the most recognized news and entertainment brands
as well as every major sport including the NHL, NFL and MLB.
SiriusXM programming is available on a variety of devices including
pre-installed and after-market radios in cars, trucks and boats,
smartphones and mobile devices, and consumer electronics products for
homes and offices. SiriusXM programming is also available online at www.siriusxm.ca and on Apple and Android-powered mobile devices.
SiriusXM Canada has partnerships with every major automaker and its
radio products are available at more than 3,000 retail locations
nationwide. To find out more about SiriusXM Canada (TSX: XSR), visit
our website at www.siriusxm.ca.
SOURCE: Sirius XM Canada Holdings Inc.
For further information:
416-815-0700 ext 237