Summary by Moomoo AI
On December 29, 2023, Sirius XM Radio Inc., a subsidiary of Sirius XM Holdings Inc., amended its senior secured credit facilities through Amendment No. 8 with JPMorgan Chase Bank, N.A., acting as the administrative agent, alongside other agents and lenders. This amendment allows for the securing of the full $1.1 billion from a 364-day term loan bridge facility, which was initially outlined in a commitment letter dated December 11, 2023, involving Morgan Stanley Senior Funding, Inc., Bank of America, N.A., BofA Securities, Inc., and JPMorgan Chase Bank, N.A. The credit facilities are guaranteed by the Borrower's material domestic subsidiaries and are secured by liens on nearly all assets of SiriusXM and those subsidiaries, with certain exceptions. The details of Amendment No. 8 are fully disclosed in Exhibit 10.1, filed with the report.