Sirius XM is weighing up a financing offer from Liberty Media ahead of a Tuesday deadline to repay $175m in bonds in a potential transaction seen as thwarting EchoStar’s attempt to take over the US satellite radio company. Sirius is not expected to decide until at least late Monday or Tuesday. Liberty Media, run by cable pioneer John Malone, is offering a senior secured loan that will allow Mel Karmazin, chief executive of Sirius XM, to repay $175m in bonds held by EchoStar that are due Tuesday, or risk filing for bankruptcy protection.

This entry was posted by Gwen Robinson on Monday, February 16th, 2009 at 5:04 and is filed under Capital markets, M&A, People. Tagged with EchoStar, liberty media, Sirius XM. Edit this entry.