Sirius XM completed its sale of $257 million in 9.75% senior secured notes due 2015, with the proceeds used to repay a $250 million term loan to Liberty Media. However, an SEC filing by Sirius XM notes that Liberty itself bought $50 million of the new notes, so it is not pulling back as much cash as it could have from the satellite radio company.
![Craig Walker [Photo: Dave Rogoway]](https://rbr.com/wp-content/uploads/craig-walker-218x150.png "‘K103’ Iconic Air Talent Craig Walker Dies")
