spacetoday.net: space news from around the webin association with SpaceNews


Liberty loan keeps Sirius XM out of bankruptcy
Posted: Wed, Feb 18, 2009, 7:59 AM ET (1259 GMT)
Liberty Media and Sirius XM Radio reached an agreement Tuesday on a $530-million loan designed to keep the satellite radio company out of bankruptcy. Liberty agreed to provide Sirius with an initial $280 million loan that allowed Sirius to pay off a tranche of debt that was due on Tuesday, to be followed by an additional $150 million in loans. Those loans will be converted into a 40% stake of Sirius XM for Liberty, as well seats on Sirius's board. Sirius XM was in danger of filing for Chapter 11 bankruptcy protection had it not secured a deal on Tuesday.
<<previous article   next article>>
news in brief
Falcon 9 launches Dragon to ISS
Posted: Sat, Dec 16 11:28 AM ET (1628 GMT)

Soyuz returns three ISS crewmembers to Earth
Posted: Sat, Dec 16 11:19 AM ET (1619 GMT)

Ariane 5 launches four Galileo satellites
Posted: Sat, Dec 16 11:14 AM ET (1614 GMT)

news links
Sunday, December 17
Space Florida, Made In Space Forge Financing Agreement
Space Florida — 10:01 am ET (1501 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list