UPDATE 1-XM Satellite sees new financing after bond tender

Newswire

(New throughout) WASHINGTON, Jan 24 (Reuters) - XM Satellite Radio Inc. said Friday it completed a tender offer for senior notes, paving the way for the subscription radio service to obtain $475 million of financing that it said will keep it operating at least through the middle of 2004, and sending its shares as much as 10 percent higher. The company expects to obtain $475 million additional financing. The company, which is based in Washington, D.C., is receiving the financing from ...

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