With the due date approaching next month for its 2.5% convertible notes, Sirius XM has swapped another 100,000,000 shares of stock (yes, 100 million) for $13,000,000 face value of the notes. That leaves $174,588,000 of the debt issue outstanding.
With the due date approaching next month for its 2.5% convertible notes, Sirius XM has swapped another 100,000,000 shares of stock (yes, 100 million) for $13,000,000 face value of the notes. That leaves $174,588,000 of the debt issue outstanding.
