Sirius XM Holdings Inc. (NASDAQ:SIRI) stock observed trading -31.56% off 52-week high price. On the other end, the stock has been noted 0.76% away from low price over the last 52-weeks. The stock disclosed a move of -8.26% away from 50 day moving average and -13.60% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.74% off 20-day moving average. It has market cap of $24190.67M and dividend yield of 0.95%.
Sirius XM Holdings Inc. (NASDAQ:SIRI) declared that its subsidiary, Sirius XM Radio Inc., priced an offering of $1.250 billion of 5.50% Senior Notes due 2029. The sale of the notes is expected to be consummated on or about June 7, 2019, subject to customary closing conditions.
The notes are to be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons outside the United States in compliance with Regulation S of the Securities Act.
The notes will bear interest at an annual rate of 5.50%. The price to investors will be 100% of the principal amount of the notes. The company will receive gross proceeds of $1.250 billion from the sale of the notes before deducting the initial purchasers’ commissions and estimated offering fees and expenses.
The company intends to use the net proceeds from the offering initially to repay the borrowings outstanding under its $1,750 million Senior Secured Revolving Credit Facility due 2023 and for general corporate purposes, which may include the funding of share repurchases by Holdings and the repurchase, redemption, defeasance, tender or repayment of the Issuer’s other outstanding indebtedness, in each case, from time to time and as market conditions permit. Balances outstanding under the Credit Facility fluctuate as our needs dictate.
The securities have not been and will not be registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration, except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
Note: This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world’s largest audio entertainment company, and the premier programmer and platform for subscription- and advertising-supported audio products. With the recent addition of Pandora, the largest streaming music provider in the U.S., SiriusXM reaches more than 100 million people with its audio products.
The USA based company Sirius XM Holdings Inc. moved with change of -2.23% to $5.27 with the total traded volume of 24383980 shares in recent session versus to an average volume of 29110.71K. The stock was observed in the 5 days activity at -1.31%. The one month performance of stock was -9.76%. SIRI’s shares are at -12.17% for the quarter and driving a -25.77% return over the course of the past year and is now at -7.71% since this point in 2018. Right now the stock beta is 1.05. The average volatility for the week and month was at 2.03% and 2.14% respectively. There are 4590.26M shares outstanding and 1428.45M shares are floated in market.