XM Satellite Radio Holdings Inc. (XMSR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: i-node who wrote (3234)	2/14/2007 8:47:00 AM
From: HEXonX	of 3386

News for 'XMSR' - (DJ XM Enters Sale-Leaseback Deal On Satellite Transponders) DOW JONES NEWSWIRES XM Satellite Radio Holdings (XMSR) on Wednesday disclosed that it got proceeds of $288.5 million in a sale-leaseback transaction with Wells Fargo Bank Northwest in respect to the transponders on its XM-4 satellite. The Washington, D.C. satellite radio provider said that it used $44 million of the proceeds to retire outstanding mortgages on real property, and the remainder will provide additional liquidity available for working capital and general corporate purposes. The company said in its disclosure with the Securities and Exchange Commission that the transaction followed "months of extensive negotiations and preparation." The company said that in preparation for the transaction, it placed additional insurance on the XM-4 satellite, which was launched in October 2006 and placed into service during December 2006. -Tony Cooke, Dow Jones Newswires; 202-862-1347; tony.cooke@dowjones.com (END) Dow Jones Newswires February 14, 2007 06:59 ET (11:59 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.- - 06 59 AM EST 02-14-07Source: DJ Broad Tape

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next