Summary by Moomoo AI
Sirius XM Holdings Inc., the parent company of Sirius XM Radio Inc., has filed a Form 8-K with the SEC, reporting the entry into a material definitive agreement. On January 26, 2024, Sirius XM Radio Inc. amended its existing credit agreement, which previously included a $1.75 billion senior secured revolving credit facility and a $500 million incremental term loan. The amendment, known as Amendment No. 9, introduces a $1.1 billion delayed draw incremental term loan, with JPMorgan Chase Bank, N.A. acting as the administrative agent. This new Incremental Term Loan, arranged by BofA Securities, Inc., Morgan Stanley Senior Funding, Inc., and JPMorgan Chase Bank, N.A., will be available for drawing in up to three separate instances until December 31, 2024. The credit agreement's obligations are...Show More