Sirius XM – former rivals in US digital radio now working together as a single unit – is offering USD $250 million of debt to pay off Liberty Media, the company that saved Sirius XM from bankruptcy earlier in the year by making an investment in the outfit. This is Sirius XM’s second debt offering after making a USD $350 million debt offer in June, a sale that was subsequently raised to USD $525 million because of high demand. Sirius XM’s quarterly results were better than anticipated though the company continues to make losses.

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