SiriusXM Raising $1B In Debt Sale, Says Pandora Advertising Improved Over Last Few Weeks

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SiriusXM Raising $1B In Debt Sale, Says Pandora Advertising Improved Over Last Few Weeks
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Satellite radio powerhouse and Pandora parent SiriusXM plans to raise $1 billion in a private debt offering and will use proceeds along with cash to redeem previous debt and interest obligations. I…

plans to raise $1 billion in a private debt offering and will use proceeds along with cash to redeem previous debt and interest obligations.

It also said that based on available information, it believe the SiriusXM will report positive net new self-pay subscribers for the quarter ending June 30.

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